As of November 29, 2024, Exide Industries Limited shares are priced at ₹452.00, reflecting a decrease of ₹5.05 or 1.10% from the previous trading session. This article evaluates the current state of Exide shares, its financial health, recent developments, and provides insights on whether to buy, hold, or sell.
Exide Share Price in Today’s Market
Today, Exide opened at ₹457.00 and reached a high of ₹459.55, while dipping to a low of ₹449.55 during trading hours. The stock has demonstrated considerable activity with a market capitalization of approximately ₹38,373 crore and a trading volume exceeding 3,224,572 shares. This slight decline in share price reflects cautious investor sentiment amid broader market fluctuations.
Exide Financial Overview
Exide’s financial metrics indicate a stable operational framework despite recent price movements. The company has a P/E ratio of 34.95, suggesting that investors are paying a reasonable price for its earnings amid expectations of continued growth. The reported earnings per share (EPS) stands at ₹12.96, showcasing solid profitability potential.
Key Financial Metrics:
- Market Cap: ₹38,496.50 Cr.
- Book Value (TTM): ₹167.01
- Operating Revenue: ₹13,000 Cr.
- Net Profit: ₹1,100 Cr.
- Sales Growth: 9.85%
- ROE: 8.65%
- Profit Growth: 16.53%
Recent News of Exide Share
Recent developments have significantly impacted investor sentiment regarding Exide:
- Sales Performance: The company reported a sales growth of 9.85%, indicating robust demand for its battery products across various sectors.
- Profitability Improvements: Exide achieved a profit growth rate of 16.53%, reflecting effective management strategies and operational efficiency.
- Market Expansion Plans: The company is focusing on expanding its product range and enhancing its distribution network to capture more market share.
Exide Share Pros & Cons
When considering an investment in Exide shares, it is essential to evaluate several factors:
→ Pros: Strong profit growth indicates effective management strategies that may continue to drive future performance in the competitive battery market.
→ Pros: The company’s established presence and diverse product offerings position it well for future opportunities as demand for batteries increases in electric vehicles and renewable energy sectors.
→ Cons: A relatively high P/E ratio may suggest potential overvaluation compared to industry peers, indicating risk for investors.
→ Cons: Recent fluctuations in share price may deter risk-averse investors looking for stability.
Indiahood Recommendation on Exide Share: Buy or Sell?
Given the current market conditions and financial outlook, it is advisable to hold Exide shares for now. Investors should monitor market trends closely and consider accumulating more shares if prices dip further into the ₹440-445 range.
Others Recommendation on Exide Share: Buy or Sell?
Market experts have varied opinions regarding Exide:
- Anil Kumar from ICICI Direct recommends buying at current levels with a target price of ₹480 based on anticipated growth from strong operational performance and increasing demand in the battery sector.
- Other analysts suggest caution due to recent volatility but acknowledge that sustained demand for battery products could lead to positive outcomes if the stock stabilizes above ₹450.
Conclusion
Exide presents both opportunities and challenges for investors navigating today’s market landscape. While strong financial metrics signal potential for future success, ongoing volatility and market sentiment warrant careful consideration before making investment decisions.
Disclaimer
This article is intended solely for informational purposes and should not be construed as investment advice. Investors are encouraged to conduct their own research or consult with financial advisors before making investment decisions regarding Exide shares or any other securities.
