386.7500 -1.95 (-0.50%)
NSE Jul 09, 2025 11:17 AM
Volume: 343.9K
 

386.75
-0.50%
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 30 day SMA of 387.4
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