388.7000 2.55 (0.66%)
NSE Jul 08, 2025 15:31 PM
Volume: 1.3M
 

388.70
0.66%
ICICI Securities Limited
Steady aftermarket to lend support; stable lead prices to help! Consumable providers such as battery makers, including EIL, realise ~5060% demand from the replacement market. Strong OEM sales in FY16-19 and short replacement cycles are, thus, expected to stand these companies in good stead during the ongoing slowdown in fresh vehicle sales. Margins at battery manufacturers have a close correlation with pricing and outlook for key raw material, viz. lead, with the impact felt with a quarterly lag. Batteries being a largely commoditised product, companies including Exide then pass on the pricing variation to end consumers. Lead prices rose ~7%...
Exide Industries Ltd. is trading below its 200 day SMA of 405.2
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