Exide Industries Stocks: Exide Industries has strong growth prospects: Why it is this week’s stock pick
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Helped by an improved performance of the auto and industrial segments, storage battery manufacturer Exide Industries reported strong revenue growth of 57% y-o-y in the first quarter of 2022-23. The performance of the automobiles batteries segment was driven by replacement demand and improved two-wheeler and four-wheeler battery sales, while the growth in the industrial batteries segment was supported by rise in I-UPS, solar, and power