Exide Industries Limited (EXIDEIND) Overview: The stock has corrected 30% within 5 months, and there is still more room for correction. But what is the best buying range, Target, Holding period, or stop loss for this? Let’s check in this analysis ahead.
EXIDEIND Chart at Monthly TIME FRAME.
– Stock Price (Current): ₹446.20
– 1-Year Performance: Up by 73.78%
– Market Cap: ₹37,825 Cr (Mid Cap)
– Industry: Batteries, specifically lead-acid batteries for energy applications worldwide.
Key Financial Metrics:
– PE Ratio: 44.45 (higher than the sector average)
– Sector PE Ratio: 39.8
– Price to Book Ratio (P/B): 3.02
– Dividend Yield: 0.44%
– Return on Equity (ROE): 6.8%
52-Week Range:
– Low: ₹257
– High: ₹620
### Analysis and Considerations
– PE Ratio Comparison: Exide’s PE ratio (44.45) is above the sector average, indicating the stock might be overvalued relative to its peers.
– Dividend Yield: At 0.44%, the dividend yield is relatively low, which may not appeal to dividend-focused investors.
– ROE: The 6.8% ROE is modest, suggesting the company may have room for improvement in profitability.
Given its significant 1-year growth, Exide Industries might be showing strong market positioning and potential for capital appreciation. However, its high PE ratio relative to the sector and the low dividend yield may be worth watching if the growth momentum slows.
Here’s a well-structured presentation of your analysis:
Stock: EXIDE Industries (EXIDEIND)
Current Market Price (CMP): ₹446
Recommendation: BUY
– Buying Range: ₹365 – ₹370
– Targets:
– Short Term: ₹650
– Medium Term: ₹730
– Long Term: ₹1000
– Holding Period: 1 to 4 Years
– Stop Loss: ₹290
Note: Stock has corrected by 30% within the last 5 months, presenting a potential buying opportunity. 
Special Offers – ACTIVE NOWFUTURES CHANNEL https://cosmofeed.com/vig/630e26ddd60d9956653c8e86INDEX OPTION CHANNEL https://cosmofeed.com/vig/6380ef829c9fa70036a1c6cd
EQUITY CHANNEL [INTRADAY & SWING]
https://cosmofeed.com/vig/64a2b98a2eaff10021550a62
BTST CHANNEL https://rpy.club/g/ppTw6ZA715
STOCK OPTIONS CHANNEL https://cosmofeed.com/vig/63078ab976384f54d010b76f
ANY QUERIES 👇🏻https://wa.me/+918459443615
Read the investor charter in the pinned message Pay attention – “ Investment in securities market are subject to market risks. Read all the related documents carefully before investing.