Exide Industries shares up nearly 5 pc

Stock of battery maker Exide Industries was up nearly 5 per cent after the company reported 16.68 per cent increase in net profit for the first quarter ended June 30, 2014.
Exide's scrip ended the session at Rs 165.20, up 4.62 per cent on the BSE. During the day, it rose by 7.66 per cent to touch its one-year high level of Rs 170.
At the NSE, the battery maker's stock settled 4.61 per cent up at Rs 165.50.
Exide Industries had yesterday reported 16.68 per cent increase in net profit at Rs 185.3 crore for the first quarter ended June 30, 2014.

The company had posted a net profit of Rs 158.8 crore in the same period of previous fiscal.
Net sales of the company rose by 17.41 per cent to Rs 1,909.61 crore in the first quarter, as against Rs 1,626.34 crore in the same period of previous fiscal.
Overall expenses of the company stood at Rs 1,653.56 crore compared with Rs 1,395.07 crore in the corresponding quarter last year.
The company's board has also recommended interim dividend of Rs 1.50 per equity share.