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Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd Maintain ADD; LIB ramp-up a key ahead Valuation and View – Valuations expansion limited upside EXID’s 2QFY25 results were weak with EBITDA/Adj.PAT miss of ~13%/8% to our and consensus. This was led by lower-than-expected revenues which grew ~4% YoY (-1.1% QoQ) while gross margins at 31.5% were in-line (+40bp/+90bp YoY/QoQ), primarily led favorable product mix, selective price hikes. Further, lead prices have declined by ~5.6%/5% YoY/QoQ in 2QFY25, which should fully reflect ...
Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd
Add Exide Industries Ltd For Target Rs.521 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-12 02:24:43 pm
India`s Exide Industries Q2 profit misses view on weak car demand, shares hit 5-mth low  Indian battery maker Exide Industries reported a smaller-than-expected second-quarter profit on Monday, as muted demand from carmakers offset steady replacement demand, sending its shares to a five-month low. Standalone profit after tax for the July-September quarter rose 3.8% to 2.98 billion rupees ($35.43 million), falling short of analysts' estimate of 3.09 billion rupees, according to data compiled by LSEG. Exide's shares dropped as much as 4.6% to 437.80 rupees after ...
India`s Exide Industries Q2 profit misses view on weak car demand, shares hit 5-mth low
India`s Exide Industries Q2 profit misses view on weak car demand, shares hit 5-mth low
Source: Reuters
2024-11-04 02:25:02 pm
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital ABB Ltd The stock has been in a strong uptrend and since the last three months has been in consolidation near the significant 50EMA zone of 7800 levels maintaining the trend with recently indicating a decent pullback from 7750 levels to improve the bias and has confirmed a breakout above the resistance zone of 8300 to further strengthen the trend. With the RSI on the rise indicating strength, we anticipate further rise and suggest to buy the stock for an upside positional target of 12300 k...
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:20:00 am
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct Steel Authority of India ltd Buy Steel Authority of India Ltd @ 133.50-134.50 Target 136.60 Stop Loss 132.70   Exide Industries ltd Buy Exide Industries Ltd @ 530-531 Target 536.00 Stop Loss 527.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct
Stock Picks : Steel Authority of India Ltd And Exide Industries Ltd By ICICI Direct
Source: ICICI Direct
2024-10-14 12:15:35 pm
Exide Industries rises on making additional investment in Exide Energy Solutions Exide Industries is currently trading at Rs. 518.05, up by 6.10 points or 1.19% from its previous closing of Rs. 511.95 on the BSE. The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 520.50 and Rs. 510.15 respectively. So far 48000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 620.00 on 25-Jun-2024 and a 52 week low of Rs. 241.60 on 26-Oct-2023. Last one week high and low of the scrip stood a...
Exide Industries rises on making additional investment in Exide Energy Solutions
Exide Industries rises on making additional investment in Exide Energy Solutions
Source: Accord Fintech
2024-10-11 10:08:48 am
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking Exide Industries Ltd * EXIDEIND has formed a white Marubozu candle expressing robust positive move. * Stock has given range breakout from its accumulation phase around 100EMA * Strong support and vigorous rebound forming swift vertical move from 100 EMA & breakout over trend line resumed it’s primary trend i.e. bullish. * Traders are advised to consider longs & upright the further move keeping mentioned range in focus. Buy Exide Indust...
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking
Stock of the day : Exide Industries Ltd For Target Rs. 560 - Religare Broking
Source: Religare Broking Ltd
2024-10-10 12:16:35 pm
Exide Industries surges on investing Rs 74.99 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 508.80, up by 11.55 points or 2.32% from its previous closing of Rs. 497.25 on the BSE. The scrip opened at Rs. 501.00 and has touched a high and low of Rs. 510.80 and Rs. 498.00 respectively. So far 88024 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 620.00 on 25-Jun-2024 and a 52 week low of Rs. 241.60 on 26-Oct-2023. Last one week high and low of the scrip stood ...
Exide Industries surges on investing Rs 74.99 crore in Exide Energy Solutions
Exide Industries surges on investing Rs 74.99 crore in Exide Energy Solutions
Source: Accord Fintech
2024-08-21 10:08:27 am
Add Exide Industries Ltd For Target Rs.602 By Yes Securities Valuation and View – Valuations factors in decent LIB utilization EXID’s 1QFY25 results were weak with EBITDA/Adj.PAT miss of ~8%-16% to our and consensus estimates. This was led by lower-than-expected gross margins at 30.7% (est 31.7%, +240bp/-230bp YoY/QoQ), primarily led by unfavorable product mix. However, lead prices have increased by ~5%/4% YoY/QoQ in 1QFY25, the co has taken price increase in few segments which should fully reflect from 2QFY25E. The demand outlook is pos...
Add Exide Industries Ltd For Target Rs.602 By Yes Securities
Add Exide Industries Ltd For Target Rs.602 By Yes Securities
Source: Yes Securities Ltd
2024-08-20 05:21:26 pm
India's Exide Industries misses Q1 profit view on higher commodity costs India's Exide Industries missed first-quarter profit expectations on Tuesday, as higher raw material costs weighed on the battery maker. The company's standalone profit after tax rose 15.6% year-on-year to 2.80 billion rupees ($33.4 million) in the three-month period ended June 30. Analysts, on average, expected a profit of 3.31 billion rupees, as per LSEG data. Expenses of raw materials, which include metals such as lead, rose 13.3% while revenue climbed 5.9%, the company said....
India's Exide Industries misses Q1 profit view on higher commodity costs
India's Exide Industries misses Q1 profit view on higher commodity costs
Source: Reuters
2024-07-30 05:26:42 pm
Exide Industries moves up on investing Rs 75 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 545.30, up by 4.50 points or 0.83% from its previous closing of Rs. 540.80 on the BSE. The scrip opened at Rs. 550.40 and has touched a high and low of Rs. 550.40 and Rs. 543.00 respectively. So far 41721 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 550.40  on 13-Jun-2024 and a 52 week low of Rs. 206.20 on 15-Jun-2023. Last one week high and low of the scrip s...
Exide Industries moves up on investing Rs 75 crore in Exide Energy Solutions
Exide Industries moves up on investing Rs 75 crore in Exide Energy Solutions
Source: Accord Fintech
2024-06-13 09:43:46 am
Accumulate Exide Industries Ltd. For Target Rs. 520 By Geojit Financial Services Ltd Onboarding EV OEMs to expand margin Exide Industries Limited (EIL) is the market leader in storage batteries in India, with a 60% market share. Its segment includes automotive & industrial batteries and it controls 86 percent of the 2W market * Q4FY24 revenue grew by 13.2% YoY, driven by volume growth from most verticals. The automotive aftermarket, UPS, & solar segments continue to witness growth *  The order book for lithium ion battery packs is in an incipient stage, wi...
Accumulate Exide Industries Ltd. For Target Rs. 520 By Geojit Financial Services Ltd
Accumulate Exide Industries Ltd. For Target Rs. 520 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-05-10 01:38:32 pm
India`s Exide Industries beats Q4 profit view on higher demand Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. WHY IT'S IMPORTANT Battery makers are set to benefit as sales of electric vehicles, which are powered by lithium-ion batteries, are expected to rise 66% this year in India after nearly doubling in 2023, according to research firm Counterpoint. Exide, which earns two-thirds of its revenue from the automotive market, p...
India`s Exide Industries beats Q4 profit view on higher demand
India`s Exide Industries beats Q4 profit view on higher demand
Source: Reuters
2024-04-30 03:06:08 pm
Exide Industries moves up on inking pact to acquire 26% stake in Clean Max Arcadia Exide Industries is currently trading at Rs. 385.80, up by 2.00 points or 0.52% from its previous closing of Rs. 383.80 on the BSE. The scrip opened at Rs. 384.40 and has touched a high and low of Rs. 387.65 and Rs. 378.20 respectively. So far 290222 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 398.05 on 09-Apr-2024 and a 52 week low of Rs. 179.05 on 11-Apr-2023. Last one week high and low of the scrip stood ...
Exide Industries moves up on inking pact to acquire 26% stake in Clean Max Arcadia
Exide Industries moves up on inking pact to acquire 26% stake in Clean Max Arcadia
Source: Accord Fintech
2024-04-10 10:31:02 am
Neutral Exide Industries Ltd. For Target Rs.340 By Motilal Oswal Financial Services Current valuations factor in the anticipated demand recovery and development in li-ion business -      Exide (EXID)’s 3QFY24 result was weak due to lower-than-expected revenue growth. Moreover, higher lead prices and lower volumes led to an EBITDA margin decline of 30bp YoY/ QoQ each. We expect the EBITDA margin to improve sequentially in 4QFY24 led by sequentially lower RM prices and better product mix. -     &...
Neutral Exide Industries Ltd. For Target Rs.340 By Motilal Oswal Financial Services
Neutral Exide Industries Ltd. For Target Rs.340 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-05 11:29:38 am
Buy Exide Industries Ltd. For Target Rs.377 By Yes Securities Valuation and View – Demand outlook stable to positive EXID’s 3QFY24 results was weak led by lower than expected revenues at Rs38.4b (-6.5% QoQ, est Rs41.9b), led to ~6.5%/5% miss on EBITDA to our/consensus estimates. The growth YoY was led by volumes while pricing remained broadly stable. Gross margins expanded ~40bp QoQ (-80bp YoY) at 31.5% (est 30.8%) surprised positively despite ~14%/~2.3% increase in the lead price in 2Q/3Q. This would partially be offset by favorable mix....
Buy Exide Industries Ltd. For Target Rs.377 By Yes Securities
Buy Exide Industries Ltd. For Target Rs.377 By Yes Securities
Source: Yes Securities Ltd.
2024-04-03 12:42:22 pm
Battery-maker Eveready Industries India`s Q3 profit jumps 55% on lower expenses Battery maker Eveready Industries India reported a 55% jump in third-quarter profit on Tuesday, helped by diminishing input costs. Lithium prices, a key raw material for battery makers, were down in the quarter, helping offset beleaguered rural demand for batteries and flashlights. Eveready's total expenses fell almost 9% to 2.95 billion rupees, led by a 29% decline in raw material costs. As a result, consolidated net profit rose to 84.1 million rupees ($1 million) in the three mont...
Battery-maker Eveready Industries India`s Q3 profit jumps 55% on lower expenses
Battery-maker Eveready Industries India`s Q3 profit jumps 55% on lower expenses
Source: Reuters
2024-02-06 04:42:19 pm
Indian battery maker Exide Industries misses Q3 profit view on higher costs Indian battery maker Exide Industries reported a smaller-than-expected rise in quarterly profit on Wednesday as higher input costs ate into earnings, despite strong demand from the automobile sector. Net profit after tax rose 7.7% to 2.40 billion rupees ($28.9 million) in the third quarter to Dec. 31, but missed analysts' estimate of 2.62 billion rupees, according to LSEG data. Raw material costs climbed 11.6%, increasing total expenses by 13%, even though prices of key input lithiu...
Indian battery maker Exide Industries misses Q3 profit view on higher costs
Indian battery maker Exide Industries misses Q3 profit view on higher costs
Source: Reuters
2024-01-24 02:22:19 pm
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services Exide’s Q2 results were healthy, with a beat on margin (up by 115bps QoQ to 11.8% vs Emkay: 11%) and PAT, driven by cost efforts. Continued recovery in core lead acid replacement demand, along with sustained cost management actions, would help drive ~8%/~15% EPS CAGR over FY23-26E (our forward estimates are unchanged). However, uncertainty around the lithium-ion space in terms of adoption rates (e.g., stagnating E-2W penetration levels) and competitive intensity (with large OEMs looking...
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services
Hold Exide Industries Ltd For Target Rs.260 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-28 12:12:02 pm
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 262.55, up by 0.80 points or 0.31% from its previous closing of Rs. 261.75 on the BSE.The scrip opened at Rs. 261.75 and has touched a high and low of Rs. 262.95 and Rs. 260.50 respectively. So far 6954 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 280.00 on 12-Sep-2023 and a 52 week low of Rs. 152.75 on 26-Sep-2022.Last one week high and low of the scrip stood at Rs. 270.25 and Rs. ...
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions
Exide Industries gains on investing Rs 125 crore in Exide Energy Solutions
Source: Accord Fintech
2023-09-21 10:04:22am