This Article is From Apr 18, 2013

Auto battery makers gain as lead prices fall

Auto battery makers gain as lead prices fall

Shares of auto battery makers today gained on expectations of better margins after prices of lead, a key raw material for batteries, tumble near October 2012 lows.

Lead prices have fallen 11.4 per cent so far this year as of Wednesday's close.

Analysts said lead constitutes about 80 per cent of battery makers' input costs.

Exide Industries Ltd gained 1.2 per cent, while Amara Raja Batteries Ltd rose 1.8 per cent.

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