{"id":111223,"date":"2023-10-05T14:07:43","date_gmt":"2023-10-05T08:37:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111223"},"modified":"2023-10-05T14:07:48","modified_gmt":"2023-10-05T08:37:48","slug":"ev-stock-in-green-after-it-invests-340-cr-in-its-subsidiary-company-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-in-green-after-it-invests-340-cr-in-its-subsidiary-company-check-the-details\/","title":{"rendered":"EV stock in green after it invests \u20b9 340 Cr in its subsidiary\u00a0company; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2950707171\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mid-cap battery stock that holds about 30 percent market share in India has invested 340 Cr into its subsidiary.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1262209639\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 9:22 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/EXIDEIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Exide Industries<\/a><\/strong> were trading at Rs. 260 up by 1 percent from its previous day close price and the market capitalization of the company is 21,751 Cr.\u00a0<\/p><p>As per the company\u2019s filing Exide Industries Limited(EIL) has invested 340 Cr by way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Limited(EESL) on rights basis. EESL has allotted 10,96,77,420 equity shares of Rs. 10 each at a premium of Rs. 21 per share aggregating to Rs. 340 Cr on rights basis to EIL, EIL has 100 percent shareholding in EESL.&nbsp;<\/p><p>The company\u2019s revenue has increased by 17.9 percent from 12,789.22 Cr in FY22 to 15,078.16 Cr in FY23, accompanied by increasing profits of 694.31 Cr to 822.77 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2105364312\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of 7.58 percent and return on capital employed (ROCE) of 10.96 percent, this indicates that the company is making decent returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 45.99 percent stake, the Domestic Institutional Investors hold 19.78 percent and the Foreign Institutional Investors (FII) hold 12.86 percent.&nbsp;<\/p><p>Exide Industries is one of the leading global players in battery and charging solutions for various industries, such as automotive, motion, energy, and data centers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1115416556\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mid-cap battery stock that holds about 30 percent market share in India has invested 340 Cr into its subsidiary.&nbsp; At 9:22 a.m the shares of Exide Industries were trading at Rs. 260 up by 1 percent from its previous day close price and the market capitalization of the company is 21,751 Cr.\u00a0 As per the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6666,6667,948,936,12319],"class_list":["post-111223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-exide-industries-latest-news","tag-exide-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-exide-industries-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock in green after it invests \u20b9 340 Cr in its subsidiary\u00a0company; 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