Exide Industries is currently trading at Rs. 122.45, up by 0.90 points or 0.74% from its previous closing of Rs. 121.55 on the BSE.
The scrip opened at Rs. 123.50 and has touched a high and low of Rs. 123.50 and Rs. 120.15 respectively. So far 91,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 166.30 on 19-Oct-2012 and a 52 week low of Rs. 112.90 on 16-May-2012.
Last one week high and low of the scrip stood at Rs. 125.25 and Rs. 120.30 respectively. The current market cap of the company is Rs. 10,408 crore.
The promoters holding in the company stood at 45.99% while Institutions and Non-Institutions held 29.98% and 24.03% respectively.
Exide Industries (Exide) has entered into an additional Technical License and Assistance Agreement with Shin-Kobe Electric Machinery Company- Japan (Shin-Kobe) to implement new manufacturing processes for automotive batteries.
Under this Agreement Shin-Kobe will provide Exide the technology and extensive technical support and assistance to enable the company to manufacture quality automotive batteries in its various plants in India. This new technology would enable Exide to not only manufacture superior quality batteries but is also expected to result in cost reduction.
Shin-Kobe Electric Machinery Company is a leading manufacturer inter alia of automotive and industrial batteries and part of the renowned Hitachi Group and is a wholly owned subsidiary of Hitachi Chemical Company, Japan.
Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. EIL is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country. Exide Industries has been a shareholder of ING Vysya Life Insurance since 2005.
| Company Name | CMP |
|---|---|
| Exide Inds | 329.50 |
| Amara Raja Energy | 765.95 |
| HBL Engineering | 774.80 |
| Eveready Inds. India | 304.50 |
| Indo-National | 326.55 |
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