Exide Industries Faces Extended Decline Amid Broader Battery Sector Challenges

Jan 13 2025 02:45 PM IST
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Exide Industries is experiencing significant challenges, marked by a seven-day losing streak and a notable decline over the past week. Despite outperforming its sector slightly, the stock has fallen considerably over the past month and is trading below key moving averages, reflecting a bearish trend.
Exide Industries, a key player in the battery sector, has faced notable challenges today, with a decline of 4.32% on January 13, 2025. This marks the seventh consecutive day of losses for the stock, which has dropped 12.71% over the past week. On this day, Exide Industries hit an intraday low of Rs 374.2, down 3.87%.

Despite these struggles, Exide Industries managed to outperform its sector by 0.65%, even as the broader battery sector experienced a decline of 4.8%. Over the past month, the stock has seen a significant decrease of 18.03%, contrasting with a 7.14% decline in the Sensex.

Currently, Exide Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend. The ongoing market conditions present challenges for the company as it navigates through this downturn.
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