Exide Industries Ltd Share Price (EXIDEIND)

Exide Industries Sets Up First Lithium-Ion Battery Plant in India - 19 Apr, 2024

Exide Industries has invested Rs 4,000 crore to set up the first on-ground lithium-ion battery plant in India near Tirupati. The plant is expected to begin commercial production by January or February next year.

Exide Industries Stock Price Surges on Strategic Cooperation Opportunities - 18 Apr, 2024

Exide Industries' stock price reaches an all-time high of Rs 481.70 per share, with a cumulative gain of 54% over nine trading sessions. Its subsidiary Exide Energy Solutions signs MOU with Hyundai and Kia for strategic cooperation opportunities in India's EV market. Nomura lifts target price to Rs 485 apiece from earlier Rs 233 with buy rating.

Exide Industries Surges on Hopes of Localized EV Manufacturing Driving Demand - 17 Apr, 2024

Exide Industries surges 51% in April due to its partnership with Hyundai and KIA, government's impetus for making EVs in the country. Nomura increased its target price to Rs 485.

Exide Industries Shares Continue to Rise Amid Positive Analyst Ratings - 16 Apr, 2024

Exide Industries has gained significantly over the past year due to its strategic cooperation with Hyundai Motor Co. and Kia Corp. for EV battery localization in India. Morgan Stanley, Nomura, and Sharekhan have all issued positive ratings and raised their price targets for the stock.

Exide Industries Shares Surge on Positive Growth Outlook - 15 Apr, 2024

Exide Industries' stock surges after global brokerage Morgan Stanley raised its target price and maintained an overweight rating. The battery maker is set for significant growth in the coming years due to government support for Made in India EVs, strong partnerships in the auto and industrial sectors, technological tie-ups, and being an early mover in the industry. Exide Energy Solutions has signed a non-binding MOU with Hyundai Motor Company and Kia Corporation for strategic cooperation in developing, producing, and supplying battery cells for Hyundai Motors electric vehicles specifically for the Indian market.

Exide Industries Ltd Shares Surge 32% in a Month - 13 Apr, 2024

Exide Industries Ltd shares have gained 32% in the past month, with an annual gain of 115%. The high P/E ratio of 38.8x may be sending bearish signals, but forecasted EPS growth of 23% per year for the next three years is higher than the market's predicted 20%, providing strong support to the share price.

Exide Industries Acquires Stake in Clean Max Arcadia, Achieves 52-Week Highs on Partnership Deal with Hyundai-Kia - 10 Apr, 2024

Exide Industries acquires a 26% stake in Clean Max Arcadia for solar power generation. The company also achieved consecutive 52-week highs after partnering with Hyundai and Kia for EV battery production in India.

Exide Industries Shares Rise After Hyundai-Kia Partnership Announcement - 09 Apr, 2024

Exide Industries' partnership with Hyundai Motor Co. and Kia Corp. for EV battery localisation in India has led to a rerating trigger, according to analysts at JPMorgan and Morgan Stanley. The company's ability to garner partnerships with global OEMs allays investor concerns, while more order wins could be imminent as it continues discussions with several OEMs. Exide is expected to invest $550 million in Phase-1 of 6 GW battery capacity.

Exide Industries Surges on Partnership with Hyundai and Kia for EV Battery Production in India - 08 Apr, 2024

Exide Industries' wholly-owned subsidiary, Exide Energy Solutions, partners with Hyundai and Kia for development, production, and supply of battery cells for electric vehicles dedicated to the Indian market, leading to a surge of 19.21% in share prices.

Exide Industries Q3FY24 Revenue Grows by 12.49% - 07 Apr, 2024

Exide Industries reported a revenue growth of 12.49% from Rs. 3,538 Crores in Q3FY23 to Rs. 3,980 Crores in Q3FY24, accompanied by profits of Rs. 198 Crores to Rs. 203 Crores.

Exide Industries Invests in Subsidiary EESL; Shareholders Earn 77% Return - 27 Mar, 2024

Exide Industries has invested Rs. 34.99 crore in its wholly-owned subsidiary, Exide Energy Solutions, and shareholders have earned a 77% return over the past year due to market optimism despite lower EPS growth.

Exide Industries' Subsidiary Receives Tax Demand of Rs 133.03 Crore - 22 Mar, 2024

Chloride Metals Ltd, a wholly-owned subsidiary of Exide Industries, has received an income tax assessment order for the assessment year 2022-23 resulting in a tax demand of Rs 133.03 crore. CML is examining the order and will take appropriate steps, including filing an appeal. The company stated that there is no material impact on its financial, operations or other activities.