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Exide Industries is currently trading at Rs. 264.00, up by 2.90 points or 1.11% from its previous closing of Rs. 261.10 on the BSE.

The scrip opened at Rs. 261.40 and has touched a high and low of Rs. 264.40 and Rs. 258.85 respectively. So far 86850 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 266.50 on 01-Aug-2023 and a 52 week low of Rs. 152.55 on 23-Aug-2022.

Last one week high and low of the scrip stood at Rs. 265.30 and Rs. 251.75 respectively. The current market cap of the company is Rs. 22448.50 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 32.64% and 21.37% respectively.

Exide Industries is eyeing to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. The company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required.

As per the company, the anti-dumping by GCC countries on batteries will have a minor impact on the company. Currently, exports account for 8 per cent of total revenue and the company will explore newer markets to increase it to double digits in the near future.

Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.