Feb 05, 2013, 03.37 PM IST | Source: Moneycontrol.com

Exide Industries gains on tie-up with Shin-Kobe Electric

Batteries supplier Exide Industries gained as much as 1.6 percent intraday on Tuesday on technical tie-up with Japan-Based company.

Exide Industries gains on tie-up with Shin-Kobe Electric

Batteries supplier Exide Industries gained as much as 1.6 percent intraday on Tuesday on technical tie-up with Japan-Based company.

Exide entered into an additional technical license and assistance agreement with Shin-Kobe Electric Machinery Company (a part of Hitachi Group), to implement new manufacturing processes for automotive batteries.
 
At 15:27 hours IST, shares rose 0.78 percent to Rs 122.50 on Bombay Stock Exchange.

Market capitalisation of the company currently stands at Rs 10,412.50 crore.

Exide Ind stock price

On April 17, 2014, Exide Industries closed at Rs 125.90, up Rs 1.45, or 1.17 percent. The 52-week high of the share was Rs 143.30 and the 52-week low was Rs 99.05.


The company's trailing 12-month (TTM) EPS was at Rs 5.90 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 21.34. The latest book value of the company is Rs 40.28 per share. At current value, the price-to-book value of the company is 3.13.

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