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Exide Industries bucks trend on price hike buzz

Capital Market/ 15:29 , Feb 08, 2013

Exide Industries jumped 5.69% to Rs 129.15 at 15:23 IST on BSE on reports the company will raise prices for replacement auto batteries by 5-6% due to rising input costs.

Meanwhile, the BSE Sensex was down 113.72 points, or 0.58%, to 19,466.60.

On BSE, 6.06 lakh shares were traded in the counter compared with average volume of 1.91 lakh shares over the past two weeks.

The stock hit a high of Rs 130 and a low of Rs 122.35 so far during the day. The stock had hit a 52-week high of Rs 166.30 on 19 October 2012. The stock had hit a 52-week low of Rs 112.90 on 16 May 2012.

The large-cap company has equity capital of Rs 85 crore. Face value per share is Re 1.

Exide Industries' net profit fell 0.2% to Rs 104.09 crore on 17.3% growth in net sales to Rs 1462.15 crore in Q3 December 2012 over Q3 December 2011.

Exide Industries is a leading manufacturer of lead acid batteries for automotive, telecom, traction, UPS, naval, and motive power markets.


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