*Exide Industries** *wins 15-year trademark spat against global battery giant Exide Technologies
On Tue, Aug 28, 2012 at 12:08 PM, kuku manmohan <[email protected]>wrote: > > *Nomura puts a buy on Exide Industries* > > Nomura has upgraded the rating of Exide Industries to 'Buy' and set a > target price of Rs 170. HSBC estimate Exide will report an 18% revenue CAGR > over the next two years. Its auto segment should be driven by the > replacement of batteries for cars sold during FY09-11, when volumes > increased at a 27% CAGR. The industrial segment to pick up as the power > shortage situation has worsened versus that of last year, due to policy > inaction. Exide stock has corrected by 18% over the last year due to lower > replacement demand in the auto sector from the 2008 crisis period and some > market share losses, and weak power inverter demand as the power supply > situation had improved in FY12. > > > -- > Manmohan Tandan > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
