Exide share price: Nomura India said the battery maker is ahead of most peers in terms of investment in plants, technology partnership (SVOLT) and customer approvals (MOU with Hyundai/Kia).
Hyundai Motor and Kia aim to localise their EV battery production, specifically focusing on lithium-iron-phosphate (LFP) cells in line with the expansion of their EV plans for the Indian market.
Tata Power failed to cross its resistance zone and is likely to remain under pressure in the coming session and it failed to sustain above its highest Call base of 200.
Tata Motors, on larger degree chart, has confirmed a range breakout from the previous swing high of Rs 460. The stock also managed to breakout from the major falling trend line.
Timken India announced an Rs 600 crore capex towards SRB/CRB import substitution. Nuvama said this is a major positive as it imparts significant long-term revenue visibility beyond FY25 with the potential to double existing revenues