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Anand Rathi Report
The low-base-driven automotive business growth and higher inverter sales would lead to strong growth for Exide Industries Ltd.
Our channel checks suggest that the company's market share in two-wheeler original equipment manufacturers is settled after continuous loss in the last four quarters.
We expect the company to maintain its market share in the replacement segment and grow strongly in OEMs (more so in the four-wheeler segment).
Accordingly, we expect strong revenue growth of 26% in FY22
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