An Analyst from Master Capital said that L&T Finance has resumed its uptrend after a successful retest of the breakout above its all-time high at Rs 200, reaffirming bullish strength.
Sharekhan has maintained its 'Buy' recommendation on the Amara Raja stock with a revised price target of Rs 1,967 on account of expectation of healthy traction in replacement segment and an opportunity to play in the Li-ion cell business.
Exide, Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries in India and internationally. Should you invest in Exide Share for long term investment? Will Exide give stronger return in coming years? Market Expert Hemang Jani detailed view on Exide Shares and the company? The company operates in two segments, Automotive and Industrial. It offers automotive, industrial, genset, solar, inverter, institutional uninterrupted power supply (UPS), and submarine batteries, as well as home UPS systems, integrated power back-up systems, and e-rickshaw vehicles. The company manufactures and supplies recycled lead and lead alloys; offers lithium-ion batteries; produces and distributes industrial battery chargers, rectifiers, and parts; and provides energy storage solutions, as well as engages in the non-conventional energy business. Further, the company offers solutions in the areas of equipment selection, battery sizing, optimum room layout, installation, operation, and maintenance. It sells its batteries under the Exide, Index, Dynex, SF Sonic, Black Panther, Nexcharge, Chloride, and CEIL brand names through a distribution network of direct and indirect dealers. The company's products are used in power, solar, railways, telecom, UPS, projects, traction, and other industries. The company was formerly known as Chloride Industries Ltd. and changed its name to Exide Industries Limited in August 1995. The company was founded in 1916 and is headquartered in Kolkata, India. Catch Sakshi Batra Live on Dailly calls Monday to Friday at 12:00 PM, Where all your market related queries will be answered by Market Expert. Send us your Market Queries on 7303080488 with your name, location Question and contact number
Exide share price: Nomura India said the battery maker is ahead of most peers in terms of investment in plants, technology partnership (SVOLT) and customer approvals (MOU with Hyundai/Kia).
Exide Industries share price target: Nomura India said it is now more optimistic about Exide's ability to win new orders from other OEMS. OEMs will need to meet 50 per cent localisation for DVA to meet PLI norms.
Exide Industries share price: The stock ascended by 9.45 per cent to hit a record high of Rs 447.85. At this price, it has gained 45.86 per cent in a month. That said, the scrip has given multibagger returns by rallying around 135 per cent in the past one year.
The equity market was trading lower today. Sensex fell 337 points to 73,061 and Nifty lost 83 pts to 22,189. Here's a look at hot stocks likely to remain in action today.
Exide Industries share price: The stock surged 6.56 per cent to hit anew one-year high of Rs 423.80. At this price, it has surged 35.16 per cent in seven trading days.
According to this MoU, both the parties will work together for development, production and supply of battery cells for Hyundai Motor's electric vehicles dedicated to the Indian market, the company stated.
Exide Industries demonstrated a strong breakout from a ‘rounding bottom' formation on the daily chart, accompanied by a powerful bullish candle, indicating a positive bias.
For Friday, share market analysts from a few brokerages have assigned 'Buy/Accumulate' calls on RR Kabel, BHEL and Exide Industries. Check price targets and other crucial details.





