Exide Industries share price surges 6% on Q3 results and India-US trade deal; is it BUY?

Exide Industries Share Price: Shares of auto components company Exide Industries were trading higher following its strong Q3 results and positive sentiment from the India-US trade deal. As of 11:50 am, the stock was up 3.1 per cent, or Rs 10, at Rs 337.95, after hitting an intraday high of Rs 345.85, reflecting an upside of 5.8 per cent from the previous close of Rs 327.95.Citi Maintains Buy Rating on Exide IndustriesMajor brokerage Citi has maintained a Buy rating on Exide Industries with a target price of Rs 480. Citi highlighted that the company’s Q3FY26 results exceeded estimates, and the management’s outlook remains positive.Demand for auto OEM replacement, railways, and solar batteries is strong, while momentum in industrial batteries is expected to continue into the fourth quarter. The first line of Exide’s Li-ion cell plant is expected to be operational by March 2026, and pricing actions are underway to offset pressure from rising commodity costs.Exide Industries Q3FY26 PerformanceExide Industries reported a 23 per cent rise in consolidated profit after tax (PAT) to Rs 194.97 crore for the quarter ended 31 December 2025, driven by increased demand following GST rate reductions. In the same quarter of the previous fiscal, PAT stood at Rs 158.44 crore.Consolidated revenue from operations rose to Rs 4,200.59 crore from Rs 4,016.72 crore in the year-ago period.Export Boost from Europe and India-US Trade DealExide Industries expects additional exports of Rs 400-500 crore in the next fiscal, driven by an exclusive tie-up with a European partner and benefits from the India-US trade deal, as reported by PTI.Speaking to reporters, Managing Director and CEO Avik Roy said the company has entered into an exclusive arrangement with a European entity as part of its global export expansion strategy. Though details of the partner and structure of the collaboration were not disclosed, Exide plans to focus on forklifts, material handling equipment, and high-end car segments in Europe, with exports likely under private labels.Exide Share PerformanceExide Industries has shown mixed stock performance across periods. The stock gained 5.5 per cent in the past week and 3.99 per cent in two weeks but declined 7.91 per cent in a month and 13.28 per cent over six months. Long-term, it surged 178.39 per cent over 10 years, reflecting strong cumulative growth.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)