Exide Industries surged 9.21% in the past four trading sessions.

On the BSE, 4.28 lakh shares were traded in the counter so far compared with average daily volumes of 6.83 lakh shares in the past two weeks. The stock hit a high of Rs 188 and a low of Rs 183.45 so far during the day.

The stock hit a 52-week high of Rs 188 on 18 November 2022. The stock hit a 52-week low of Rs 130.3 on 20 June 2022.

The stock had outperformed the market over the past one month, surged 18.43% compared with 3.86% rise in the Sensex.

The scrip outperformed the market in past one quarter, jumped 15.11% as against Sensex's 3.09% rise.

The scrip had also outperformed the market in past one year, advanced 4.74% as against Sensex's 3.11% rise.

On the technical front, the stock's RSI (relative strength index) stood at 70.797. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 20-day, 50-day and 100-day simple moving average (SMA) placed at 171.12, 165.18 and 159.31, respectively.

Exide Industries is primarily engaged in the manufacturing of Storage Batteries and allied products in India.

On consolidated basis the company's net profit rose 22.8% to Rs 241.20 crore on 13.3% jump in revenue from operations to Rs 3,841.13 crore in Q2 FY23 over Q2 FY22.