Exide Industries Ltd soars 1.6%

Exide Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 425.5, up 1.6% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 25378.1. The Sensex is at 82867.93, up 0.21%. Exide Industries Ltd has risen around 8.32% in last one month.

Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has risen around 6.82% in last one month and is currently quoting at 27294.65, down 0.38% on the day. The volume in the stock stood at 12.77 lakh shares today, compared to the daily average of 36.98 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 426.75, up 1.57% on the day. Exide Industries Ltd is down 7.49% in last one year as compared to a 0.15% drop in NIFTY and a 4.96% drop in the Nifty Auto index.

The PE of the stock is 31.85 based on TTM earnings ending June 25.

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