Improving OE and Replacement Sales to sustain the growth momentum: Exide Industries Ltd. (EIL) has clocked a 92% Y-Y bottom line growth to Rs. 1,497Mn for Q2FY10 v/s Rs. 778.4Mn for Q2FY09, on the back of falling raw material costs. The company’s top line growth was flat at 5.5% Y-Y to Rs. 9,503Mn (Rs....
CM Price Rs356.40 Target Price Rs406 Performance Highlights Top-line surges 58.3%: Shiv Vani Oil and Gas Exploration Services (SOGES) registered robust Top-line growth of 58.3% for 2QFY2010 driven by newer asset deployment. Moreover, depreciation of the Rupee, on a yoy basis by around 10.7%, also aided Topline growth. SOGES’s 40-50% of contracts is denominated...