India's Exide Industry hits record high

Exide Industries

29/12/2023 08:23

** Shares of lead-acid battery maker Exide Industries
 EXID.NS  rise 5.4% to an all-time high of 317.65 rupees
    ** Stock set for best week since Sept. 2021 and best year
since 2009
    ** Reuters could not immediately ascertain a reason for the
stock move
    ** Stock currently up 3.2%, set for fourth consecutive
session of gains
    ** EXID trading ~14% above its median PT of 279 rupees -
LSEG
    ** Trading volume nearly thrice the 30-day moving avg; its
busiest session since Aug. 2023
    ** Avg rating of 16 analysts on EXID at "buy" - LSEG data
    ** Stock up ~76% YTD, outperforming Nifty 500 index's
 .NIFTY500  ~26% climb
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))