Neutral Exide Industries Ltd For Target Rs. 359 by Motilal Oswal Financial Services Ltd
 
                            * We expect Exide to post a marginal decline in revenue due to weak demand in OE and industrial segments; however, replacement segment continues to see steady demand.
* We expect EBITDA margins to decline 100bp to factor in higher input costs.
* Overall, we expect 4Q PAT to decline 6% YoY.

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