Exide Industries shares hit 52-week high

Exide Industries Limited's shares surged over 6% to reach a new 52-week high

Morgan Stanley increased the target price to Rs 485 from Rs 373 for Exide Industries.

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The new target price suggests a potential upside of 22.8% from the previous close.

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Exide's share price has soared by over 120% in the last year.

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Analysts at Morgan Stanley upgraded Exide's target price by over 30% with an overweight rating.

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The battery market has been a focal point, delivering a 23% return year-to-date

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1. Morgan Stanley sees government support for made in India electric vehicles as beneficial.

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Auto and industrial customer tie-ups, along with tech collaborations, could favor Exide

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1 India's lithium battery segment is anticipated to play a significant role in this growth.

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