Exide Industries Share Price Jumps 7 Percent, Nears 52 Week High as ICICI Securities Sets Rs 480 Target
- July 2, 2026
- Posted by: Kunal Singla
- Category: News
Exide Industries Rs 418.45 (+7.2%), near 52-week high of Rs 430.85. ICICI Securities Buy, target Rs 480. Cites strong lead acid demand, Li-ion commercialisation.
Exide Industries share price surged 7.2 percent to Rs 418.45 on Thursday, closing in on its 52 week high of Rs 430.85, after ICICI Securities maintained its Buy rating on the battery maker with a target price of Rs 480, citing strong underlying demand and progress on lithium-ion commercialisation.
The brokerage’s constructive stance on Exide Industries share price rests on two pillars, a resilient core lead acid battery business continuing to see healthy demand, alongside the company’s emerging lithium-ion battery capabilities that ICICI Securities views as a genuine longer term growth driver.
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Why ICICI Securities Is Bullish on Exide Industries Share Price
Exide Industries, one of India’s largest lead acid battery manufacturers serving both automotive and industrial segments, has been investing in lithium-ion cell manufacturing capacity through its subsidiary to diversify beyond its traditional lead acid franchise. ICICI Securities has flagged this dual exposure, strong replacement demand in the lead acid business alongside emerging Li-ion commercialisation, as the key drivers behind its positive outlook on Exide Industries share price.
The battery sector broadly has been benefiting from rising vehicle ownership, growing demand for uninterrupted power supply systems, and the early stages of electric vehicle adoption in India, a combination of tailwinds ICICI Securities believes positions Exide Industries favourably relative to peers focused on just one segment of the battery value chain. This is a key data point for anyone tracking the Exide Industries share price today.
Exide Industries Key Metrics
| Metric | Value |
|---|---|
| CMP | Rs 418.45 |
| ICICI Securities Target | Rs 480 |
| 52 Week High | Rs 430.85 |
| Day Change | +7.2% |
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With Exide Industries share price now trading within touching distance of its 52 week high, the stock’s near term momentum will likely hinge on whether the company’s upcoming quarterly results confirm the demand strength ICICI Securities has cited, particularly on the lithium-ion side where commercialisation timelines remain closely watched by the market.
Key Risks to Watch on Exide Industries Share Price
Lithium-ion battery manufacturing is a capital intensive, technologically evolving business, and Exide Industries will need to execute well against established and new entrants alike to capture the growth ICICI Securities is pricing into its target. Lead acid battery demand also remains sensitive to raw material costs, particularly lead prices, which can compress margins even when volume growth stays healthy. Investors watching the Exide Industries share price should note this development closely.
Quick take: today’s sharp move in Exide Industries share price reflects genuine optimism around the company’s dual lead acid and lithium-ion strategy, though sustained execution on the newer Li-ion business will be the real test over coming quarters.
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Conclusion
Exide Industries share price rallied sharply as ICICI Securities reaffirmed its Buy rating and Rs 480 target, betting on the company’s ability to sustain lead acid battery demand while scaling its newer lithium-ion capabilities. With the stock now approaching its 52 week high, investors should track upcoming quarterly results for confirmation of the demand trends and Li-ion progress underpinning today’s brokerage optimism. This article is for educational purposes and is not investment advice; consult a SEBI-registered investment adviser before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Exide Industries Share Price
1. Why did Exide Industries share price jump today?
Ans. The stock surged 7.2 percent after ICICI Securities maintained a Buy rating with a target price of Rs 480, citing strong lead acid battery demand and lithium-ion commercialisation progress.
2. What is ICICI Securities’ target price on Exide Industries?
Ans. ICICI Securities has a Buy rating on Exide Industries with a target price of Rs 480.
3. What is Exide Industries’ 52 week high?
Ans. Exide Industries has a 52 week high of Rs 430.85, a level the stock is now trading close to after today’s rally.
4. Why is Exide Industries investing in lithium-ion batteries?
Ans. The company is diversifying beyond its traditional lead acid franchise into lithium-ion cell manufacturing to capture growth from electric vehicle adoption and evolving battery technology demand.
5. What are the key risks to Exide Industries share price?
Ans. Lithium-ion manufacturing is capital intensive and competitive, while the core lead acid business remains sensitive to raw material cost fluctuations, particularly lead prices.
6. What is Exide Industries’ core business?
Ans. Exide Industries is one of India’s largest lead acid battery manufacturers, serving both automotive and industrial segments, and is expanding into lithium-ion battery production.
