Exide Industries Ltd up by 8.22 percent - Traders Corners | Espresso

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Espresso Shot of the Day - Exide Industries Ltd up by 8.22 percent

September 05, 2022
Espresso Shot of the Day - Exide Industries Ltd up by 8.22 percent

EXIDE INDUSTRIES LTD 172.45(+8.22%) BSE – INE302A01020 | 5th September 2022

https://www.myespresso.com/images/Binge-graph-image_Exide-Industries_Ltd-202209051932558270333.jpg

For more than six decades, Exide has been one of India's most reliable brands, enjoying an unrivalled reputation and recall. Their constant emphasis on innovation, extensive geographic footprint, strong relationship with marquee clients and steady technology upgradations with global business partners have made them a distinct frontrunner in the lead-acid storage batteries space for both automotive and industrial applications. Exide designs, manufactures, markets and sells the widest range of lead acid storage batteries in the world from 2.5Ah to 20,600Ah capacity, to cover the broadest spectrum of applications. Using the latest technological inputs, they manufacture batteries for the automotive, power, telecom, infrastructure projects, computer industries, as well as the railways, mining and defence sectors.


Recent Driver

  • The Board of Exide Industries at its meeting held on 29 July 2022 has approved the appointment of Sridhar Gorthi as an Additional Director w.e.f. 29 July 2022.
  • On July 29 2022, the Company reported Net Sales at Rs 4,021.77 crore in June 2022, up 13.52% from Rs. 3,542.63 crores in June 2021.
  • On July 29 2022, Company reported a Quarterly Net Profit of Rs. 202.77 crores in June 2022, up 516.7% from Rs. 32.88 crores in June 2021.
  • Exide Industries on July 28, 2022 said its subsidiary has executed a sales agreement in Bengaluru to set up a lithium-ion battery cell manufacturing facility. Exide Energy Solutions Ltd NSE 0.59 % (EESL) has executed the lease-cum-sale agreement with Karnataka Industrial Areas Development Board (KIADB) for procuring land parcels in Bengaluru, the company said in a regulatory filing.
(Sources: BSE, Moneycontrol,Economics Times, Business Line)


Technical Force*

  • S&P Bse 500 month till date lost by 0.25%.
  • 3 months avg. BSE volume: 173,524
  • Spurt in Volume by more than 6.09 times
  • Quantity traded: 8,93,908 | Deliverable Quantity: 2,34,331 (26.21 %)
  • The stock price jumped by more than 32% from a one-year low level: 130.30 (June 20,2022)
  • Daily RSI (14) is at overbought territory today.
  • 52-week-high: 202.95|52-week-low: 130.30


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

276.27

248.43

208.32

180.48

140.37

112.53

72.42

-

Fibonacci Pivot

248.43

222.48

206.44

196.11

180.48

164.85

154.53

138.49

112.53


Today’s Close

172.45

SMA

BSE

10 DAY

159.90

20 DAY

159.85

50 DAY

152.65

200 DAY

156.43


Some Key Ratios (Source: BSE)

Market Cap: 14,658.25 crores

PE: 3.06

OPM%: 10.74

ROE%:  45.11

Promoters holding%: 45.99

Prev. Close:  159.35


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.