Exide Industries, the country's largest
stored energy solutions provider, declined in early trade on
Thursday on concern over the company'sdecision to buy balance 50%
stake in ING Vysya Life Insurance Company (IVL) for Rs 5.5
billion.
The company will acquire 26% from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group to raise its shareholding in IVL to 100%.
Shares of the company are trading at Rs
122.40, down Rs 2.5, or 2% at the Bombay Stock Exchange (BSE) on
Thursday at 10:29 a.m.The scrip has touched an intra-day high of Rs
127.50 and low of Rs 121. The total volume of shares traded at the
BSE is 129,734.
In the earlier session, the shares fell 1.03%, or Rs 1.3, at Rs 124.90. Currently, the stock is trading down 26.4% from its 52-week high of Rs 166.30 and above 8.41% over the 52-week low of Rs 112.90.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 138.95 (14.05) (10.11) 1 Month 136.65 (11.75) (8.60) 3 Months 138.65 (13.75) (9.92) 6 Months 126.55 (1.65) (1.30) 1 Year 129.00 (4.10) (3.18) Note: Based on previous day closing price.
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