Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.
Battery maker Exide Industries Ltd on Thursday reported a 28 per cent rise in consolidated profit after tax at Rs 351.3 crore in the first quarter ended June 30, on the back of strong sales. The company had posted a consolidated Profit After Tax (PAT) of Rs 274.58 crore in the corresponding quarter previous fiscal, Exide Industries Ltd said in a regulatory filing. Revenue from operations in the first quarter was at Rs 5,528.38 crore as against Rs 4,695.12 crore in the year-ago period, it added. Total expenses in the first quarter were higher at Rs 5,068.78 crore as compared to Rs 4,338.12 crore in the same period a year ago, the company said. Increased affordability and positive sentiment from GST 2.0 reforms continued to drive demand for automotives into the new financial year, Exide Industries said. Commenting on the performance, Exide Industries MD & CEO Avik Roy said, "We have entered FY27 with confidence, building on the strong momentum achieved in the second half of FY26. .
Exide Industries expects its Bengaluru lithium-ion cell plant to begin generating revenue from Q3 FY27 as it ramps up investments in battery manufacturing and new energy
Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.
Analysts maintains a positive outlook on Exide, given steady demand prospects at its base (lead acid) business, and nearing commercialization of 1st phase of lithium-ion capacity (6 GWh).
Market outlook: Nifty, Bank Nifty likely to extend gains, says Jatin Gedia of Teji Mandi. The analyst recommends buy on AU Bank, Exide Industries and Ramco Cements.
Analysts at Axis Securities have identified Adani Total Gas, Exide Industries and AIA Engineering as 3 stocks with a decisive breakout on the weekly charts.
Stocks to buy: Kunal Kamble of Bonanza suggests buying Siemens Energy, Supriya Lifescience and Exide Industries
The company's standalone profit after tax rose to ₹312 crore ($32.8 million) in the quarter ended March 31, from ₹255 crore a year earlier
Rising input costs, export risks to the Middle East and fears of gas supply disruptions weigh on Indian auto stocks amid the escalating Iran conflict