Aug 08, 2013 10:49 AM IST | Source: CNBC-TV18

Buy Exide Industries, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries as the stock may go up in a choppy market.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Exide Industries is one of the rare stocks which is finding strong support; it found support at Rs 120-122. However, it has not cracked, which suggests that there is some kind of strength, some kind of buying. Yesterday also it bounced from that support level."

He further added, "I would be a buyer in Exide assuming that in a choppy market some stocks will go up. It is probably one of the better ones and a midcap. Midcaps have high beta, they can also rally strongly. In a choppy, mildly cheerful market this could work out nicely."

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