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Exide Industries is currently trading at Rs. 150.95, up by 2.95 points or 1.99% from its previous closing of Rs. 148.00 on the BSE.

The scrip opened at Rs. 151.90 and has touched a high and low of Rs. 153.70 and Rs. 149.95 respectively. So far 354694 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.10 on 10-Mar-2021 and a 52 week low of Rs. 139.30 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 153.70 and Rs. 139.30 respectively. The current market cap of the company is Rs. 12852.00 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 30.24% and 23.77% respectively.

Exide Industries has entered into a multi-year technical collaboration agreement with SVOLT Energy Technology Co. (SVOLT). As part of the agreement, SVOLT will grant Exide an irrevocable right and license to use, exploit and commercialise necessary technology and know-how owned by them for lithium-ion cell manufacturing in India. Additionally, SVOLT will also provide the support required for setting up of a state-of-the art green field manufacturing plant on a turnkey basis.

Exide is in the process of forming a Special Purpose Vehicle (SPV) by way of a wholly owned subsidiary for carrying out the said lithium-ion cell manufacturing business. It is in a fairly advanced stage of discussions for finalising the land parcel for this facility. The company has participated in the Production-Linked Incentives (PLI) Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage, issued by the Ministry of Heavy Industries.

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.