Exide Industries: Charged for the run
Good growth in the auto sector and strong replacement demand for batteries are positives
After touching its one-year high of ₹250 in early May 2017, the share price of battery manufacturer Exide Industries has corrected about 18 per cent over the last three months. A rise in the price of lead, the key raw material, has been a major reason for the negative sentiment. But given its market leadership position in some of the segments it operates in, the company has been able to pass on a ...
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