Exide Share Buy Call
EXID’s 4QFY20 working presentation was in-line as the effect of more vulnerable incomes was counterbalanced by a great blend.
We expect proceeded with quality in the secondary selling with a move from the disorderly to composed part. Besides, FY21 would see the proceeded with advantage of the blend (lower OEMs) and lead costs.
Though as per some of the best rating agencies, Exide Share looks quite Promising for the long term.
Exide Share Analysis& Review
We update our EPS by 8%/10% for FY21/FY22E to factor lower incomes, a superior blend, and lower lead costs. Look after Buy, with TP of ~INR205.
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