Exide Industries' Stock Performance Shows Positive Trend, Receives 'Hold' Call from MarketsMOJO

Oct 09 2024 10:50 AM IST
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Exide Industries, a leading battery company, saw a 3.31% increase in stock performance on October 9th, 2024, outperforming the sector by 1.39%. The stock has been on a consecutive rise in the last two days, with a 5.88% increase and an intraday high of Rs 509.2. The battery sector as a whole has also seen a positive trend, with a 2.38% gain. MarketsMojo has given a 'Hold' call for Exide Industries.

Exide Industries, a leading player in the battery industry, has seen a positive trend in its stock performance on October 9th, 2024. The stock gained 3.31%, outperforming the sector by 1.39%. This has led to a 'Hold' call by MarketsMOJO.

In the last two days, Exide Industries' stock has been on a consecutive rise, with a 5.88% increase in returns. The stock also touched an intraday high of Rs 509.2, showing a 3.15% increase. The moving averages for the stock are higher than the 5, 20, 50, and 200-day averages, but lower than the 100-day average.

The battery sector as a whole has also seen a positive trend, with a 2.38% gain. Exide Industries' 1-day performance was 3.59%, outperforming the Sensex's performance of 0.73%. In the last month, the stock has shown a 7.78% increase, while the Sensex has only seen a 0.83% increase.

Overall, Exide Industries has shown a strong performance in the battery industry, with a positive trend in its stock performance. This has led to a 'Hold' call by MarketsMOJO, indicating a neutral stance for investors.
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