Exide Industries Shows Short-Term Gains Amid Long-Term Decline in Battery Sector

Jan 16 2025 09:45 AM IST
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Exide Industries experienced a notable stock price increase on January 16, 2025, outperforming both the battery sector and the Sensex. However, the company has struggled over the past month, with a significant decline, while its current moving averages indicate mixed performance relative to various timeframes.
Exide Industries, a key player in the battery sector, saw its stock price rise by 3.08% on January 16, 2025, opening with a gain of 2.11% and reaching an intraday high of Rs 392.8. This performance outpaced the overall sector, which recorded a gain of 2.29%, and also exceeded the Sensex's modest increase of 0.39%.

Despite this positive one-day performance, Exide Industries has faced headwinds over the past month, experiencing a decline of 14.55%, while the Sensex fell by 5.78%. In terms of moving averages, the stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. This situation reflects the ongoing dynamics within the large-cap battery industry.
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