QUICK TAKE: MORE WOR­RIES FOR EXIDE IN­DUS­TRIES

Business Standard - - THE SMART INVESTOR -

The Exide stock was down 5.4% last week on lower than ex­pected De­cem­ber quar­ter re­sults. De­spite lower raw ma­te­rial costs, op­er­at­ing profit mar­gins fell as other ex­penses surged. The Street is also wor­ried that de­mand weak­ness in the auto sec­tor could hurt sup­plies to new ve­hi­cle mak­ers even as re­place­ment sales re­main ro­bust.

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