Battery maker Exide Industries can cross the level of Rs 220 and reach Rs 229. Domestic brokerage house Religare has maintained a buy rating on the shares of Exide Industries and has set a target price of Rs 229 for the company’s shares. The shares of Exide Industries closed at the level of Rs 148.35 on the Bombay Stock Exchange (BSE) on 9 May 2022. According to the current share price, the company’s shares can jump by about Rs 80.
The company’s shares have reached Rs 3 to Rs 148
The shares of Exide Industries were at a level of Rs 3.12 on the Bombay Stock Exchange (BSE) as on 31 May 2002. The company’s shares have closed at Rs 148.35 on May 9, 2022. The shares of the company have given tremendous returns in the last 10 years. If a person had invested Rs 1 lakh in the shares of the company on 31st May 2002 and had retained his investment, the amount would have been much more than Rs 47.50 lakh at present.
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The company’s shares fell by more than 20% in a year
Shares of Exide Industries have lost over 20 per cent in the past one year. At the same time, the Nifty 50 has gained more than 11 percent in this period. Experts say that the long-term story of Exide Industries remains strong. Exide Industries has a market cap of over Rs 12,000 crore. The 52-week low of Exide Industries shares is Rs 139.30. At the same time, the 52-week high level of the company’s shares is Rs 202.95. The shares of Exide Industries have given negative returns of close to 40 per cent to investors in the last 5 years.
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