-------- Forwarded Message --------
Subject: Exide Inds: India Will Move On, If It Holds 117-113
Date: Fri, 22 Jan 2016 10:19:58 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Subdued raw material costs and hope of economic revival & GST may help*
*CMP:120*
*
*
*Buy on dips around 120-113;*
*
*
*TGT: 138-153*-161-175 & 195-205 (1-3 & 12-24M) *
*
*
*TSL<108*
Note: Consecutive closing below 108 for any reason or overall market
meltdown, Exide may further fall towards 99-85 zone in the near term.
As par BG metrics & current market parameters:
(based on standalone TTM & FWD EPS)
Current median valuation of Exide may be around: 140 (FY:15-16/TTM)
Projected fair valuations might be around: 155-170 (FY:17-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
EXIDEIND 6.85 47.44 20 143.98 134.93 139.46 151.32 132.9
EXIDEIND 7.15 51.75 20 147.10 137.86 142.48 151.32 132.9
EXIDEIND 8.45 56.45 20 159.92 149.87 154.89 151.32 132.9
EXIDEIND 10.05 61.55 20 174.40 163.44 168.92 151.32 132.9
Analytical Charts:
<http://2.bp.blogspot.com/-EYHPffLgbsg/VqGjp6ewisI/AAAAAAAAFzo/sJxeETyz2gs/s1600/Exide-Month-21-01-2016.png>
<http://2.bp.blogspot.com/-hILoji7qXas/VqGj6OO6RbI/AAAAAAAAFzw/MwNHdsN0dqg/s1600/Exide-Fibb-21-01-2016.png>
<http://1.bp.blogspot.com/-DYFTe44-x8Q/VqGj8_VeWfI/AAAAAAAAFz4/PYh7DiFK5_Q/s1600/Exide-21-01-2016.png>
<http://2.bp.blogspot.com/-kYDtUY2Kk60/VqGj_LjnuEI/AAAAAAAAF0A/pIDShnuvN4k/s1600/Exide-TL-21-01-2016.png>
<http://3.bp.blogspot.com/-vQ1WQheaHMM/VqGkB-uSd1I/AAAAAAAAF0I/YUWVtEN956I/s1600/Exide-Pattern-21-01-2016.png>
<http://4.bp.blogspot.com/-Sw2yadTxWoU/VqGkD1hg7-I/AAAAAAAAF0Q/oV0jULN1-_Y/s1600/Exide-TL-LT-21-01-2016.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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