Exide Industries has given massive returns to its investors in a year and according to experts there is more steam left in the stock. The stock has an upside of 143% in a year. After consolidating in a narrow range for the past few weeks, it gave a breakout from the same this week. The sudden rise followed by consolidation resembles a breakout above a Flag & Pole pattern.
The automobile industry encompasses a wide range of companies, each specialising in different aspects of vehicle production, maintenance, and enhancement. Here's a detailed look at the various types of automobile companies and their contributions to the industry.
Indian market expected to consolidate following weak global cues. Nifty futures closed down at 22731 levels. Options data indicates a trading range of 22500 to 23000. Experts recommend buying Jubilant FoodWorks, Torrent Pharma, Hindalco, Dr. Reddy s Labs, Asian Paints, and Exide Industries with specified targets and stop losses.
Upcoming electric scooters could use batteries made by Exide Energy; Exide currently makes batteries for petrol bikes like KTM, Bajaj, TVS, Hero. Tap for details.