Exide Industries shares in focus after Q2 profit drops 14%. Should you buy or sell?

Exide Industries reported a 13.66% decline in Q2 PAT to Rs 233.4 crore, impacted by higher expenses, though revenue grew modestly. Robust demand in the two-wheeler and four-wheeler replacement markets, as well as industrial-UPS and solar, supported growth. Analysts remain bullish, with Nomura maintaining a 'Buy' rating and Citi lowering its target price, citing strong demand and growth potential.