Exide Industries' Stock Performance Soars, Outperforms Sector and Sensex

Apr 12 2024 02:35 PM IST
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Exide Industries, a leading battery company, has seen a 3.31% increase in its stock on April 12, 2024, closing at Rs 393.05. The company's strong financials and consistent growth in the sector have been attributed to this positive trend. It has also outperformed the sector and Sensex, making it a favorable choice for investors.

Exide Industries, a leading player in the battery industry, has seen a positive trend in its stock performance. On April 12, 2024, the company's stock gained 3.31%, closing at Rs 393.05. This has been attributed to the company's strong financials and consistent growth in the sector.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Exide Industries is 'Hold'. The stock is currently trading close to its 52-week high of Rs 398.05, with a difference of only 1.56%. It has also outperformed the sector by 2.22% in today's trading session.

Exide Industries has been on a consecutive gain streak for the last 6 days, with a remarkable 25% increase in returns during this period. The stock touched an intraday high of Rs 393.05, showing a 2.36% increase from its previous close. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex performance, Exide Industries has outperformed with a 1-day performance of 3.48% while the Sensex has shown a negative performance of -0.91%. In the last month, the stock has seen a significant increase of 24.39%, while the Sensex has only shown a 0.93% increase.

Overall, Exide Industries has shown a strong and consistent performance in the stock market, making it a favorable choice for investors. With its strong financials and positive growth trend, the company is expected to continue its upward trajectory in the battery industry.
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