Here's why Amara Raja Batteries, Exide Industries slipped over 20% in one year
Updated : July 22, 2019 07:28 AM IST
Amara Raja Batteries and Exide Industries in last one year have witnessed a drastic fall due to price war, poor results and higher lead prices. In last one year, Amara Raja slipped 20 percent and Exide plunged 27 percent.
According to a report by Anand Rathi, both battery companies i.e. Amara and Exide have started a price war. Also, both companies have reported disappointing earnings since last year.
Lead prices are continuously rising making Amara and Exide more vulnerable in the current market situation.