Battery maker Exide Industries on Tuesday said its profit after tax increased 16 per cent to Rs 280 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 242 crore in the April-June quarter of the preceding fiscal.

Exide Q1 Results: Net profit rises 16% YoY to Rs 280 cr

Battery maker Exide Industries on Tuesday said its profit after tax increased 16 per cent to Rs 280 crore for the first quarter ended June 30, 2024.

Exide Q1FY25 results: PAT rises 16% to Rs 280 cr, revenue up at Rs 4,313 cr

PSU Stocks, Tata Chemicals, UPL, SRF Gain While Varun Beverages, Exide Industries See Profit Booking

Exide Industries reports 15.5% rise in Q1 net profit, revenue up by 5.89%, EBITDA margin at 11.5%.

Exide Industries Q1 results: Net profit increases 15.5% to ₹279.57 cr

Exide Industries consolidated net profit declines 1.01% in the June 2024 quarter

The battermaker’s operating margin too fell short of street expectations.

Exide Industries Q1 Results: Profit Rises 15%, But Misses Estimates

Storage battery major Exide Industries on Monday said it is committed to drive export growth and planning to grow its exports to around 20 per cent of its total sales in the next few years.

Exide Industries to grow exports to 20% of sales in next few years

Exide embarked on the journey to set up the facility in 2021

Exide Industries’ lithium-ion cell project phase-I to be completed by FY25

Here are all the top calls from analysts that you need to know about on Tuesday.

Brokerage Views On Budget Day: Citi On Exide, GAIL; Nuvama On Oberoi Realty And More

Citi maintains buy on GAIL, raising target to Rs 250 (from Rs 230) on higher gas business valuation and 5% CAGR in volume FY24-27. Also, buy on Exide with TP up to Rs 630 (from Rs 560), expecting stronger demand and improved margins from better product mix.

Hot Stocks: Brokerage view on Bajaj Finance, GAIL, Exide, JK Cement, Supreme Industries and Federal Bank

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday’s trading session, five stocks experienced a buildup of fresh long positions. Here’s the list: Long buildup

Infosys, Exide Industries among 5 stocks with long buildup - Long buildup

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Exide Industries Limited manufactures, markets and sells a range of lead acid storage batteries. The Company makes batteries for the automotive, power, telecom, infrastructure projects, computer industries, railways, mining and defense sector.