Breaking News: Exide Ind(Q4 result today)set to report Spectacular NP: Best Buy Intraday,BTST,May Series):
Exide should announce massive rise in its NP today @ Rs 168 crores:
1) CNBC estimates Q4 NP at 123 crores. It means HUGE jump of 38%.
2) Means 23% rise YoY as PAT for quarter ended March2015 was 138 cr
3) Means 27.70% rise QoQ as PAT for quarter ended Dec2015 was 134 crores.
4) Even Bloomberg estimate of Rs 151 cr will be beaten by 13%.
This will be highest quarterly profit in last 7 quarters. And, after a gap of 5 years, yearly profit set to cross 600 crore mark.
Stock still considerably lower than its 52 week high of Rs 182.
Stock is poised to make NEW 52 week high in May series
TP Rs 156, 167, 174,187
For decent gains, investors should buy May series
(Axis Bank nos EXACTLY same as reported by us but FY17 guidance about NPAs spoiled the rise. Exide being producer of batteries, no negative in store as demand from auto, telecom, defence continues to rise)
Exide should announce massive rise in its NP today @ Rs 168 crores:
1) CNBC estimates Q4 NP at 123 crores. It means HUGE jump of 38%.
2) Means 23% rise YoY as PAT for quarter ended March2015 was 138 cr
3) Means 27.70% rise QoQ as PAT for quarter ended Dec2015 was 134 crores.
4) Even Bloomberg estimate of Rs 151 cr will be beaten by 13%.
This will be highest quarterly profit in last 7 quarters. And, after a gap of 5 years, yearly profit set to cross 600 crore mark.
Stock still considerably lower than its 52 week high of Rs 182.
Stock is poised to make NEW 52 week high in May series
TP Rs 156, 167, 174,187
For decent gains, investors should buy May series
(Axis Bank nos EXACTLY same as reported by us but FY17 guidance about NPAs spoiled the rise. Exide being producer of batteries, no negative in store as demand from auto, telecom, defence continues to rise)
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