Sukhani told CNBC-TV18, "I have a buy call on Exide Industries. It's still a buy despite if the fact that it has rallied a lot. This is a stock that is making lifetime new highs, so it's outperforming the broader market and the auto sector, so you don't want to get out of such stocks."
He further added, "You hold on to it and obviously you want to buy at the best possible point on a dip and a correction but the stock is a buy."
The company touched its 52 week high Rs 128.10 and 52 week low Rs 37.45 on 12 Jan, 2010 and 12 Mar, 2009, respectively. Currently, it is trading -14.09% below its 52-week high and 193.86% above its 52-week low. Market capitalisation stands at Rs 8,804.00 crore.
The company's trailing 12-month (TTM) EPS was at Rs 5.88 per share. The stock's price-to-earnings (P/E) ratio was 18.72. The latest book value of the company is Rs 15.22 per share. At current value, the price-to-book value of the company was 7.23. The dividend yield of the company was 0.55%.
