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Exide Industries hits new 52-week high, growth hinges on lithium-ion push
The shares reached ₹436.4 on 17 July 2026, as the company’s ₹48.02 billion lithium-ion cell project moves toward customer sampling and production.
Exide Industries, India’s largest lead-acid storage battery manufacturer, has climbed to a new 52-week high, bucking the broader market trend, LiveMint Markets reports. The stock touched a fresh 52-week high of ₹436.4 on 17 July 2026, with attention turning to whether the next phase of gains can be sustained over the next three years.
The outlook depends in part on Exide’s lithium-ion cell manufacturing project. The company has invested ₹48.02 billion to date, and management expects the cylindrical line to start customer sampling shortly, followed by product trials on the prismatic line, with production potentially supporting future earnings growth.
Exide is also working on demand and partnerships, engaging with OEMs across two-wheeler, three-wheeler, and four-wheeler segments, along with stationary energy providers, to build offtake across key end-user markets. Separately, the company shifted to a “One-Exide” operating model in FY25 to recalibrate its go-to-market approach, and LiveMint Markets says the new model helped drive greater agility and synergies during FY26.
Exide’s performance reflects the ramp-up, with its battery segment crossing the ₹10 billion revenue mark in FY26, according to the article. The piece frames this as a question of valuation and the pace of execution as the company transitions beyond its core lead-acid business.