India's Exide logs best week in more than 17 years on battery partnership with Hyundai, Kia

Exide Industries

12/04/2024 11:29

** Battery maker Exide Industries'  EXID.NS  shares close
23.7% higher this week, best weekly rise since September 2006
    ** Stocks ends up 3.7% at record close of 398.15 rupees
    ** Company's shares jumped more than 17% on Monday after
Exide unit signed agreement to supply batteries for Hyundai
Motor  005380.KS  and Kia's  000270.KS  electric cars
    ** Exide shares up 25.3% so far this year vs rival Amara
Raja Energy's  AMAR.NS  9.2% rise

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727))