Subdued raw material costs and hope of economic revival & GST may help
CMP:120
Buy on dips around 120-113;
TGT: 138-153*-161-175 & 195-205 (1-3 & 12-24M)
TSL<108
Note: Consecutive closing below 108 for any reason or overall market meltdown, Exide may further fall towards 99-85 zone in the near term.
As par BG metrics & current market parameters:
(based on standalone TTM & FWD EPS)
Current median valuation of Exide may be around: 140 (FY:15-16/TTM)
Projected fair valuations might be around: 155-170 (FY:17-18/FWD)
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | Low | High | Median | 200-DEMA | 10-DEMA |
| EXIDEIND | 6.85 | 47.44 | 20 | 143.98 | 134.93 | 139.46 | 151.32 | 132.9 |
| EXIDEIND | 7.15 | 51.75 | 20 | 147.10 | 137.86 | 142.48 | 151.32 | 132.9 |
| EXIDEIND | 8.45 | 56.45 | 20 | 159.92 | 149.87 | 154.89 | 151.32 | 132.9 |
| EXIDEIND | 10.05 | 61.55 | 20 | 174.40 | 163.44 | 168.92 | 151.32 | 132.9 |
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