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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.
Here's why Amara Raja Batteries, Exide Industries slipped over 20% in one year

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