Exide Industries enjoys different exposure to the market when it comes to the market capitalization it enjoys in auto ancillaries related sector. With price to earning of around 17 against industry with 25, it valuations in terms of reserves and operating margins besides profit generating efficiency level (19%) is increasing with good ratio of CRR and DPR. A good mix of promoters from foreign, foreign institutions, financial institutions and NBFC and mutual funds having stake in Excide Ind speaks high of its growth/initiatives.
A debt free company one can expect the levels of 150 especially when market is likely to notch higher levels in the coming weeks.
Invest with conviction and patience.