EXIDE INDS - 42% RETURNS!!!BUY - EXIDE INDUSTRIES
CMP - Rs. 183
Target - 1: Rs. 212
Target - 2: Rs. 260
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Technical -
1) Double Bottom Pattern (before breakout).
2) Bullish Flag Breakout
3) Targets have been set using previous swing highs and Gann Fan.
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Fundamentals -
1) The automobile batteries manufacturer has bought 24.80 lakh equity shares in Ulric Renewables, at a price of Rs 80 per share, amounting to Rs 19.84 crore. With this investment, its shareholding in Ulric Renewables stands at 39.08%.
2) Strong annual EPS growth.
3) Growth in Quarterly net profit with increasing profit margin (YoY).
4) PE = 3.39 < SECTOR PE = 5.30
5) FII holding has risen by 1.33% in December 2022.
6) DII holding has risen by 1.7% QoQ.
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This opinion is for educational purposes. I am not SEBI registered and this is not an investment advice.
As with any trade, always look first, then leap.
