BUY CALL – EXIDE Share Price News
About : EXIDE INDUSTRIES
Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 17110.50 Crore) operating in Auto Ancillaries sector. It include Batteries (Storage) which contributed Rs 9441.12 Crore to Sales Value (99.80 % of Total Sales), Export Incentives which contributed Rs 8.19 Crore to Sales Value (0.08 % of Total Sales), Scrap which contributed Rs 5.34 Crore to Sales Value (0.05 % of Total Sales) and Other Operating Revenue which contributed Rs 5.15 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 2598.66 Crore, up 4.08 % from last quarter Sales of Rs 2496.84 Crore and up 5.66 % from last year same quarter Sales of Rs 2459.41 Crore Company has reported net profit after tax of Rs 210.68 Crore in latest quarter.
Exide Share Price Update
This stock was in downtrend from 27 May’19 till 19 Jun’19. Today on 1 Jul’19, Stock has made positive chart pattern with above than average volume. Along with this, Stock has entered into a positive zone between 21 Day & 50 Day Moving Average. Also, Relative Strength Index of the Stock is also moving into positive zone with 50.77 points. Subsequently, Moving Average Convergence/Divergence is moving towards positive zone. So trades from Short Term or Medium Term perspective can look for an opportunity in this stock on the long side. Risk-to-Reward Ratio for this opportunity is 1:2.5 which is an excellent one to go with.
Current Price : 207.45
Target Price : 215
Stop Loss : 204
View on Last Trading Tips
My previous call on AUROPHARMA has very low buy with neutral sentiments in the traders. Hence, it is more likely to fall in near future. If you are also looking for a good opportunity to earn from Stock Market, you can follow the blog and let us know if you want to discuss your portfolio as well. There is no charge of any learning or stock ideas.
Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis. However, Stock market is always volatile and risk is always inclusive in the investment. Author is not liable for any losses.