Stock Report VittNivesh

Exide Industries Limited-Equity Report #52

Exide has been one of India’s most reliable brands for more than seven decades, enjoying an unrivaled reputation and recall among users of automobile batteries and other storage batteries.

Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 14675.25 Crore) operating in the Auto Ancillaries sector. Exide Industries Ltd.’s key product is storage batteries which comprise 99.51 % of its total sales value.

Better-than-expected growth, GST-led market shift in favor of organized players, emerging opportunities in solar and electronic vehicle segments have made Exide analysts’ top pick.

Credits- Somika Geete, Aman Agrawal, Akash Gaurav

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