CMP : 165

Exide Industries Ltd. manufactures a wide range of lead and electric storage batteries. The Company's batteries for automobiles, railways, aircrafts, power stations, telephone exchanges, and other uses.

Exide Industries is a very safe bet and is a great buy for long term investors. Their great strength is its rapidly growing NPM in last 2 quarters. It has spiked from 10% to 20% within a year and thats a major positive. Revenues have been consistent and growing steadily. P/E of 20 is fair and a good buy. Its a must have in your portfolio. Its got good support at 150 - 155 levels on the chart. Buy, Accumulate on dips and hold.