Why Exide has charged ahead of Amara Raja in the past year1 min read 22 Jan 2019, 09:16 AM IST
Exide’s rising valuation is the result of its comeback in the automotive batteries segment.
In the September quarter, Exide reported a 12% increase in Ebitda, compared with Amara Raja’s flat profits.
The market capitalization of Exide Industries Ltd has powered ahead in the past year, while that of Amara Raja Batteries Ltd has lost steam. Exide, which is the leading battery maker in the country, has seen a 10.3% increase in its market cap in one year, while Amara Raja, the second largest, lost 5.7% in value in the same period.
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