Exide announces Rs 100 crore infusion into EESL; should you buy?
Published on 21/08/2025 02:04 PM
Exide Industries Share Price: Shares of battery maker Exide Industries rose by 1 per cent on Thursday, August 21, after the company announced a fresh equity infusion of Rs 100 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL).
The stock touched an intraday high of Rs 400.20 apiece on the BSE, marking a 1 per cent gain. Earlier in the session, however, it had slipped to an intraday low of Rs 394.15, down 0.54 per cent from the previous close.
According to a regulatory filing, Exide Industries Limited (EIL) invested Rs 100 crore on a rights basis, subscribing to 2.5 crore equity shares of Rs 10 each at a premium of Rs 30 per share. This brings EIL’s total investment in EESL to Rs 3,802.23 crore, while maintaining its 100 per cent ownership in the subsidiary.
“The equity investment is aimed at funding the Bengaluru plant and meeting operational requirements,” the company said in its filing.
EESL, incorporated in March 2022, focuses on the manufacturing of advanced chemistry battery cells and packs for electric vehicles (EVs) and stationary applications. For FY2025, the company reported a turnover of Rs 116.89 crore and a net loss of Rs 209.12 crore.
Zee Business Managing Editor Anil Singhvi has recommended buying Exide Industries futures, with a stop loss at Rs 390 and targets at Rs 404, Rs 407, and Rs 415. According to him, the stock is ready for a breakout above Rs 400.
Over the past five years, Exide Industries' stock has delivered strong returns, gaining over 100 per cent. However, the performance has been more volatile in the short term. In the last one year, the stock has declined by 21 per cent. Despite this, it has shown recovery in recent months, rising 9.35 per cent over the past six months.
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