Jan 18, 2013, 10.38 AM | Source: CNBC-TV18
Exide Industries is still a buy and a rally to Rs 144 can still come about, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “Technically Exide Industries is not a sell. It is still a buy. Yesterday was a disappointing day, the stock fell, it has come down to support."
He further added, "If support holds, if the current levels hold that is the support then I would say that it is still a buy and a rally to Rs 144 can still come about. We will see how the market reacts but if it doesn’t push it down that would be a positive for it.”
The share touched its 52-week high Rs 166.30 and 52-week low Rs 121.40 on 19 October, 2012 and 16 May, 2012, respectively. Currently, it is trading 22.97% below its 52-week high and 5.52% above its 52-week low. Market capitalisation stands at Rs 10,888.50 crore.
Way2Wealth is bullish on Exide Industries has reco
Sudip Bandopadhyay, Market Expert recommends buyin
Mitesh Thacker of miteshthacker.com is of the view