Buy Exide Industries, target price Rs 225: Motilal Oswal

has buy call on with a target price of Rs 225. The current market price of Exide Industries Ltd. is Rs 182.65.
Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 15457.25 Crore) operating in Auto Ancillaries sector.
. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2022.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 3876.77 Crore, down -4.30 % from last quarter Total Income of Rs 4051.09 Crore and down -18.77 % from last year same quarter Total Income of Rs 4772.50 Crore. Company reported net profit after tax of Rs 241.38 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 45.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 10.4 per cent, DIIs 17.81 per cent.
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