Exide Surges 7% as Lead Prices Hit 2025 Lows, Stock Jumps 40% in 3 Months

s shares climbed over 7% on Thursday, July 2, 2026, after lead prices dropped to their lowest levels of the year. The stock touched an intraday high of ₹422.70 on the NSE before settling around ₹419, reflecting strong investor optimism. Lead, which constitutes 65-70% of raw material costs for lead-acid battery manufacturers, has fallen sharply—down nearly 9% in the past month and 11% from January 2026 highs. This decline is expected to significantly lower production expenses, boosting profit margins for Exide and peers like Amara Raja. The positive momentum has propelled Exide’s stock up approximately 40% over the last three months, extending gains for a third straight session. Market participants see the cost relief as a key driver for improved earnings in the coming quarters amid steady demand in the automotive and industrial battery segments