Exide Industries' Stock Sees Positive Movement, Outperforms Market on October 28

Exide Industries, a leading player in the battery industry, saw a positive movement in its stock price on October 28, 2024. The company's stock gained 3.12% on that day, closing at Rs 462.85. This performance was in line with the overall sector, as the Batteries sector saw a gain of 3.66%.

MarketsMOJO, a leading financial analysis platform, has given a 'Hold' call for Exide Industries' stock. This indicates that the stock is expected to perform in line with the market and investors are advised to hold their positions.

The stock's intraday high on October 28 was Rs 464.45, which was 3.14% higher than its previous day's closing price. However, the stock's moving averages show a mixed trend, with the 200 day moving average higher than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, Exide Industries' stock has outperformed the Sensex on both a 1 day and 1 month basis. On October 28, the stock's performance was 2.99% higher than the Sensex, while its 1 month performance was -6.77% compared to the Sensex's -6.21%.

Overall, Exide Industries' stock has shown a positive movement and is expected to perform in line with the market. Investors are advised to hold their positions and keep an eye on the company's future performance.