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.

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

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

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

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

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

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

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