Exide Industries Faces Continued Stock Decline Amid Broader Market Struggles

Feb 12 2025 10:05 AM IST
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Exide Industries has faced a significant decline in stock performance, losing 3.14% on February 12, 2025. This downturn continues a challenging trend, with an 8.21% drop over the past five days. The stock is trading below key moving averages, reflecting ongoing struggles within the broader market.
Exide Industries, a prominent player in the batteries sector, has experienced a notable decline in its stock performance today, losing 3.14% as of February 12, 2025. This downturn marks a continuation of a challenging trend, with the stock underperforming its sector by 0.64%. Over the past five days, Exide Industries has seen a cumulative drop of 8.21%, reflecting a broader struggle within the market.

The stock reached an intraday low of Rs 352, down 3.07%, and is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend. In comparison to the broader market, Exide's one-day performance of -3.02% contrasts with the Sensex's decline of 1.08%. Over the past month, Exide Industries has faced a significant drop of 9.52%, while the Sensex has only decreased by 2.47%. The overall performance of the batteries sector has also been under pressure, with a decline of 2.51%.
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