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Stocks to buy or sell: Osho Krishan of Angel One suggests buying Exide, Ipca Laboratories shares today
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Exide, Ipca Laboratories shares today

Mint

time18 hours ago

  • Business
  • Mint

Stocks to buy or sell: Osho Krishan of Angel One suggests buying Exide, Ipca Laboratories shares today

Stock market today: The Indian stock markets opened significantly lower on Thursday, experiencing a substantial sell-off following US President Donald Trump's declaration of a 25 percent tariff on goods from India, alongside penalties on purchases of Russian crude oil and defense supplies. This announcement has sparked widespread alarm among investors and raised concerns about a potential decline in exports and overall business sentiment. At the opening bell, the Nifty 50 index fell to 24,642.25, which represents a decrease of 212.80 points or 0.86 percent. Similarly, the BSE Sensex also saw a notable drop, starting at 80,695.50 after losing 786.36 points or 0.97 percent. Market analysts suggest that while the consequences of the US tariff announcement are likely to be short-lived, India must take prompt measures to stimulate domestic consumption, as its exports will face challenges. This situation could negatively affect business confidence and slow down economic growth. The buying momentum observed after the formation of a 'bullish engulfing' candlestick in the preceding session indicates a constructive outlook. However, the significance of key resistance levels remains critical. Rather than achieving stabilization, the Nifty 50 index continues to demonstrate tentativeness and has failed to surpass the crucial threshold of 24,930-24,950, which encompasses both the 50-DEMA and the 61.80% Fibonacci retracement. At present, this area serves as an intermediate obstacle, followed by a substantial resistance at the bearish gap near the psychological level of 25,000. Hence, until these levels are authoritatively surpassed, one must refrain from complacent long bets. On the contrary, the level of support has shown a slight uplift, with 24,750-24,700 expected to provide a buffer against intraday fluctuations. Furthermore, the recent swing low of 24,600 is anticipated to be regarded as a significant support level on the expiry day of the July contract. Going forward, it is anticipated that volatility might increase on the day of the monthly contract expiration; therefore, it is essential to adopt a cautious approach with proper risk management. Furthermore, it is imperative to closely monitor the overnight developments related to the FOMC outcome, as these may serve as a significant catalyst in influencing the interim trend within our markets. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - Exide Industries Ltd, and Ipca Laboratories Ltd. Exide Industries has experienced significant momentum in recent trading sessions, marked by a breakout from a 'Symmetrical Triangle' pattern on the daily chart. This breakout has been accompanied by a notable increase in trading volume and a positive crossover in the MACD, which is positioned above its signal line. These indicators collectively suggest a bullish outlook for the stock. Hence, we recommend to BUY Exide Industries around ₹ 385, keeping a stop loss at ₹ 370 for a potential Target of ₹ 410-415. Ipca Laboratories has demonstrated a consolidation breakout and a subsequent retest in the recent trading sessions. The stock remains positioned well above all significant EMAs and has surpassed the 200-DSMA on the daily chart. This recent momentum has been accompanied by an increase in trading volumes, indicating a positive outlook in the charts. The technical indicators are in strong alignment with the price movement, suggesting that the upward trend is likely to persist. Hence, we recommend to BUY Ipca Laboratories around ₹ 1,510-1,500, keeping a stop loss at ₹ 1,420 for a potential Target of ₹ 1,620-1,640. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Exide bets on innovation, expansion to boost exports
Exide bets on innovation, expansion to boost exports

Time of India

time3 days ago

  • Business
  • Time of India

Exide bets on innovation, expansion to boost exports

1 2 Kolkata: Storage battery major Exide Industries is focusing on innovation and expansion across geographies in a bid to enhance exports in the medium term. In the last fiscal, exports contributed around 8% to the company's turnover. "We have come out with a lot of innovative products targeted for exports which we have never done in the past," said Avik Roy, managing director and CEO, at the 78th annual general meeting. "We have entered new countries to make our business more resilient and distributed and not dependent on one or two geographies," Roy added. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata When a few shareholders asked the management its export expansion plans, Roy said, "In the medium-term your company aims to increase the share of export business and will actively take initiatives to achieve this objective." Roy said. The company said it has so far invested around Rs 3,700 crore in the first phase of the lithium-ion cell manufacturing project in Bengaluru. "We will probably invest another Rs 600-700 crore in this this we see that the requirement for the phase I of the 6 gigawatt hour will be met. At the end of this fiscal year we are likely to start the trial production commercially. We will see the utilisation of the 6 gigawatt hour factory, and then we will gradually plan for phase II," Roy said.

Exide charts growth path with focus on lead-acid, lithium-ion batteries
Exide charts growth path with focus on lead-acid, lithium-ion batteries

The Print

time5 days ago

  • Automotive
  • The Print

Exide charts growth path with focus on lead-acid, lithium-ion batteries

'Exide stands fully prepared for the future,' Gorthi said, as he cited policy tailwinds such as the PLI scheme and lower import duties that are accelerating EV adoption and battery storage demand. Speaking at the company's 78th Annual General Meeting, Exide Industries chairman Sridhar Gorthi said, 'Despite the macroeconomic headwinds and a slowdown in capex across sectors, your company has demonstrated resilience and reaffirmed the commitment to new horizons of innovation, operational excellence, and sustainable growth.' He said that commercial production at the company's lithium-ion cell manufacturing facility under its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is expected to commence during the current financial year. Kolkata, Jul 26 (PTI) Exide Industries on Saturday said it is strategically poised to lead the future of energy storage through a dual-pronged focus on its conventional lead-acid battery business and the next-generation lithium-ion segment. Managing Director and CEO Avik Roy, in his address, described FY25 as a year of 'resilience and strategic progress', during which the company transitioned to a 'One-Exide' operating model with B2B, B2C, and international verticals. 'This shift reflects our commitment to agility, accountability, and strategic clarity,' Roy said, adding that 'Approximately 70 per cent of our business segments delivered double-digit growth.' He highlighted that Exide invested Rs 1,000 crore in FY25 in the lithium-ion business and infused another Rs 400 crore in FY26, taking the total equity investment in EESL to Rs 3,702 crore. 'These investments reflect our long-term commitment to building a robust and scalable lithium-ion ecosystem in India,' Roy said. Among operational highlights, the four-wheeler aftermarket grew in double digits, while the two-wheeler battery segment, after a sluggish start, rebounded strongly in Q4. The solar business also posted consistent double-digit growth. Roy flagged that traction and standby battery exports were subdued due to weak demand in Europe and the GCC, and telecom battery sales were impacted by a shift to lithium-ion. However, he stressed that Exide is adapting quickly to these trends. 'We are providing both lead-acid and lithium-ion solutions through Exide Energy Solutions,' he said. Exide's continued focus on R&D and digital transformation was another major theme. 'We are boosting our factory efficiency, quality, and forecasting accuracy through Industry 4.0 tools and AI-based systems,' Roy said. He also pointed to the rollout of new technologies like punched grid batteries and CONCAST technology for better product performance. On sustainability, he said more than 75 per cent of the company's lead requirements were met through recycled inputs, and over 20 per cent of electricity consumption came from renewable sources. 'Sustainability is embedded in our operations from green energy adoption and eco-friendly products to expanded recycling capacity and green logistics,' Roy added. Looking ahead, the chairman said, 'Our investments in lithium-ion technology, alongside the continued strength of our lead-acid battery business, position us well to meet evolving energy demands.' The company had posted a consolidated profit after tax (PAT) of Rs 1,077 crore for FY 2024-25, up from Rs 1,053 crore a year ago. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Exide charts growth path with focus on lead-acid, lithium-ion batteries
Exide charts growth path with focus on lead-acid, lithium-ion batteries

Time of India

time5 days ago

  • Automotive
  • Time of India

Exide charts growth path with focus on lead-acid, lithium-ion batteries

Exide Industries on Saturday said it is strategically poised to lead the future of energy storage through a dual-pronged focus on its conventional lead-acid battery business and the next-generation lithium-ion segment. Speaking at the company's 78th Annual General Meeting, Exide Industries chairman Sridhar Gorthi said, "Despite the macroeconomic headwinds and a slowdown in capex across sectors, your company has demonstrated resilience and reaffirmed the commitment to new horizons of innovation, operational excellence, and sustainable growth." He said that commercial production at the company's lithium-ion cell manufacturing facility under its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is expected to commence during the current financial year. "Exide stands fully prepared for the future," Gorthi said, as he cited policy tailwinds such as the PLI scheme and lower import duties that are accelerating EV adoption and battery storage demand. Managing Director and CEO Avik Roy, in his address, described FY25 as a year of "resilience and strategic progress", during which the company transitioned to a "One-Exide" operating model with B2B, B2C, and international verticals. "This shift reflects our commitment to agility, accountability, and strategic clarity," Roy said, adding that "Approximately 70 per cent of our business segments delivered double-digit growth." He highlighted that Exide invested ₹1,000 crore in FY25 in the lithium-ion business and infused another ₹400 crore in FY26, taking the total equity investment in EESL to ₹3,702 crore. "These investments reflect our long-term commitment to building a robust and scalable lithium-ion ecosystem in India," Roy said. Among operational highlights, the four-wheeler aftermarket grew in double digits, while the two-wheeler battery segment, after a sluggish start, rebounded strongly in Q4. The solar business also posted consistent double-digit growth. Roy flagged that traction and standby battery exports were subdued due to weak demand in Europe and the GCC, and telecom battery sales were impacted by a shift to lithium-ion. However, he stressed that Exide is adapting quickly to these trends. "We are providing both lead-acid and lithium-ion solutions through Exide Energy Solutions," he said. Exide's continued focus on R&D and digital transformation was another major theme. "We are boosting our factory efficiency, quality, and forecasting accuracy through Industry 4.0 tools and AI-based systems," Roy said. He also pointed to the rollout of new technologies like punched grid batteries and CONCAST technology for better product performance. On sustainability, he said more than 75 per cent of the company's lead requirements were met through recycled inputs, and over 20 per cent of electricity consumption came from renewable sources. "Sustainability is embedded in our operations from green energy adoption and eco-friendly products to expanded recycling capacity and green logistics," Roy added. Looking ahead, the chairman said, "Our investments in lithium-ion technology, alongside the continued strength of our lead-acid battery business, position us well to meet evolving energy demands." The company had posted a consolidated profit after tax (PAT) of ₹1,077 crore for FY 2024-25, up from ₹1,053 crore a year ago.

Exide charts growth path with focus on lead-acid, lithium-ion batteries
Exide charts growth path with focus on lead-acid, lithium-ion batteries

Time of India

time5 days ago

  • Automotive
  • Time of India

Exide charts growth path with focus on lead-acid, lithium-ion batteries

Exide Industries on Saturday said it is strategically poised to lead the future of energy storage through a dual-pronged focus on its conventional lead-acid battery business and the next-generation lithium-ion segment. Speaking at the company's 78th Annual General Meeting, Exide Industries chairman Sridhar Gorthi said, "Despite the macroeconomic headwinds and a slowdown in capex across sectors, your company has demonstrated resilience and reaffirmed the commitment to new horizons of innovation, operational excellence, and sustainable growth." He said that commercial production at the company's lithium-ion cell manufacturing facility under its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is expected to commence during the current financial year. "Exide stands fully prepared for the future," Gorthi said, as he cited policy tailwinds such as the PLI scheme and lower import duties that are accelerating EV adoption and battery storage demand. Managing Director and CEO Avik Roy, in his address, described FY25 as a year of "resilience and strategic progress", during which the company transitioned to a "One-Exide" operating model with B2B, B2C, and international verticals. "This shift reflects our commitment to agility, accountability, and strategic clarity," Roy said, adding that "Approximately 70 per cent of our business segments delivered double-digit growth." He highlighted that Exide invested ₹1,000 crore in FY25 in the lithium-ion business and infused another ₹400 crore in FY26, taking the total equity investment in EESL to ₹3,702 crore. "These investments reflect our long-term commitment to building a robust and scalable lithium-ion ecosystem in India," Roy said. Among operational highlights, the four-wheeler aftermarket grew in double digits, while the two-wheeler battery segment, after a sluggish start, rebounded strongly in Q4. The solar business also posted consistent double-digit growth. Roy flagged that traction and standby battery exports were subdued due to weak demand in Europe and the GCC, and telecom battery sales were impacted by a shift to lithium-ion. However, he stressed that Exide is adapting quickly to these trends. "We are providing both lead-acid and lithium-ion solutions through Exide Energy Solutions," he said. Exide's continued focus on R&D and digital transformation was another major theme. "We are boosting our factory efficiency, quality, and forecasting accuracy through Industry 4.0 tools and AI-based systems," Roy said. He also pointed to the rollout of new technologies like punched grid batteries and CONCAST technology for better product performance. On sustainability, he said more than 75 per cent of the company's lead requirements were met through recycled inputs, and over 20 per cent of electricity consumption came from renewable sources. "Sustainability is embedded in our operations from green energy adoption and eco-friendly products to expanded recycling capacity and green logistics," Roy added. Looking ahead, the chairman said, "Our investments in lithium-ion technology, alongside the continued strength of our lead-acid battery business, position us well to meet evolving energy demands." The company had posted a consolidated profit after tax (PAT) of ₹1,077 crore for FY 2024-25, up from ₹1,053 crore a year ago.

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