Auto battery makers gain as lead prices fall

Lead prices have fallen 11.4% so far this year as of Wednesday's close

Reuters
Last Updated : Apr 18 2013 | 3:23 PM IST

Shares of auto battery makers gain on expectations of better margins after prices of lead, a key raw material for batteries, tumble near October 2012 lows.

Lead prices have fallen 11.4% so far this year as of Wednesday's close.

Analysts say lead constitutes about 80%  of battery makers' input costs.

Exide Industries Ltd gain 1.2% , while Amara Raja Batteries Ltd is up 1.8%.

 

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First Published: Apr 18 2013 | 1:37 PM IST

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