Exide Industries share price: Hold Exide Industries, target price Rs 200: ICICI Direct

ICICI Direct has hold call on Exide Industries with a target price of Rs 200. The current market price of Exide Industries Ltd. is Rs 191.65.

Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 16205.25 Crore) operating in Auto Ancillaries sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4011.39 Crore, up 58.80 % from last quarter Sales of Rs 2526.11 Crore and up 6.16 % from last year same quarter Sales of Rs 3778.51 Crore. Company reported net profit after tax of Rs 256.26 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 45.99 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.75 per cent, DIIs 23.12 per cent and public and others 21.13 per cent.

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