Exide Industries Ltd rose for a fifth straight session today. The stock is quoting at Rs 285.5, up 0.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 11441.95. The Sensex is at 37871.63, up 0.55%. Exide Industries Ltd has added around 6.49% in last one month.

Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has added around 2.45% in last one month and is currently quoting at 10855.65, up 0.07% on the day. The volume in the stock stood at 21.61 lakh shares today, compared to the daily average of 27.5 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 286.1, down 0.12% on the day. Exide Industries Ltd is up 37.79% in last one year as compared to a 15.48% gain in NIFTY and a 0.57% gain in the Nifty Auto index.

The PE of the stock is 33.84 based on TTM earnings ending June 18.

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Net profit of Exide Industries rose 11.07% to Rs 209.92 crore in the quarter ended June 2018 as against Rs 189.00 crore during the previous quarter ended June 2017. Sales rose 32.64% to Rs 2772.46 crore in the quarter ended June 2018 as against Rs 2090.24 crore during the previous quarter ended June 2017.

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Exide Industries will hold a meeting of the Board of Directors of the Company on 1 August 2018.

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Exide Industries and Leclanché SA (SIX:LECN), one of the world's leading energy storage solution companies, headquartered in Switzerland, announced a joint venture to build lithium-­‐ion batteries and provide energy storage systems for India's electric vehicle market and grid based applications.

As part of the JV, Leclanché SA will provide access to its knowhow and intellectual property for lithium ion cells, modules and battery management systems and Exide Industries will leverage its extensive sales network and brand. The JV's production plant will be based in Gujarat.

Exide Industries will be a majority shareholder and Leclanché will be the strategic minority shareholder of the JV. A module and battery pack assembly line is expected to be operational by Q2 2019 and a lithium-ion cell production plant is expected to be operational by mid 2020. In the intervening period, cells will be sourced from Leclanché's plant in Willstatt, Germany.

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