Exide Industries Faces Continued Decline Amid Broader Market Gains and Bearish Trends

Exide Industries, a prominent player in the battery manufacturing sector, has experienced a notable decline of 3.73% on April 30, 2025. This drop comes as the stock has underperformed its sector by 0.81%, marking a consecutive two-day losing streak with a total decline of 4.65% during this period. The stock reached an intraday low of Rs 357.95, reflecting a decrease of 3.22%.
In terms of moving averages, Exide Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its short to long-term performance. Over the past week, the stock has declined by 6.71%, while its performance over the past month shows a decrease of 1.42%.

In contrast, the broader market, represented by the Sensex, opened higher today at 80,370.80, gaining 82.42 points. The Sensex is currently trading above its 50-day moving average, although the 50-day moving average is below the 200-day moving average. Over the past year, Exide Industries has seen a significant decline of 24.78%, while the Sensex has gained 7.88%.