* Exide Industries Ltd shares gain 1 percent after
Bank of America Merrill Lynch upgrades the stock to "buy" from
"underperform," given expectations of an "an imminent increase
in pricing power in automotive batteries."
* BofA Merrill also raises Exide's target price to 160 rupees
from 122 rupees earlier.
* The investment bank says an expected hike in battery prices
also supported by capacity constraint at Exide rival Amara Raja
Batteries Ltd and the rising costs of lead, among
* Exide Industries will raise prices for replacement auto
batteries by 5-6 percent due to rising input costs, a company
source with direct knowledge of the matter told Reuters on