28 August 2011

Goldman Sachs Top Picks:: Automobiles -Exide Industries (Buy, on Conviction List) target price: Rs184, 22% potential upside

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Exide Industries
 66% share of the organized market and widest manufacturing and distribution presence in the country.
 OEM segment (about 80%) power, particularly in the
Raw material cost increases are passed through price increases ... Stable operating cash flow across the cycle
Leading market share in the resulting in higher pricing replacement market, and an enhanced ability to pass on commodity cost increases over the long run.




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