India's Exide Industries hits 19-month high after strong quarterly results

Exide Industries

30/07/2026 10:56

** India's Exide Industries EXID.NS jump 5.9% to 19-month high of 461.4 rupees
** Battery maker's Q1 consolidated profit up 28.3% y-o-y, revenue up 17.7%
** Citi says Q1 results significantly above its estimates, driven by healthy revenue growth across segments
** Says price hikes and better mix helped offset impact of higher commodity costs on gross margin
** More than 28 million shares change hands, ~6x of 30-day average daily volume
** Stock rated "Hold" on average by 16 brokerage firms, median PT at 378 rupees, per data compiled by LSEG
** YTD, EXID up 26.3%

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))