Exide Industries Q4 results: Stock out-performs its peers

Exide Industries emerged as a performer among large-cap shares as analysts took a bullish view about the company's prospects, after the automobiles and components company announced better-than-expected fourth quarter earnings.

The stock, in fact, outperformed its peers with a significant margin, surging over 7% to end at 150.2 amid hectic activity in the counter. Nearly 50 lakh shares changed hands, compared with the two-week average of 1.6 lakh shares traded on the BSE on Thursday.

The company reported a robust 22% rise in net profit while its sales grew 17%. Its EBITDA margins improved by 21 basis points to 17.3% in the January-March quarter; they are expected to grow at a CAGR of 22% in FY11-13, according to Deutsche Bank.

(Contributed by Vijay Gurav)