Analyst corner: Maintain ‘neutral’ on Exide Industries, raise TP to Rs 193

Analyst corner: Maintain ‘neutral’ on Exide Industries, raise TP to Rs 193

While current lead cost, at ~Rs 140k/kg, is largely similar to last year’s average level, product mix is likely to worsen, with a higher mix of OEs. Hence, gross margins might come under pressure, in our view.
Check the source here –Source, Financial Express.

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