Exide Industries, Amara Raja Batteries good buys: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "We are looking at these storage battery companies and we believe that the GST implementation will be a big boost for their business going forward. Unorganised sector will be at a disadvantage. So, the leading companies in this sector – Exide Industries and Amara Raja Batteries are good buys."

"We will prefer Exide. I think the valuation upside is significant in the stock. The result for this quarter may not be anything great because the lead prices which is their main raw material has gone up quite a bit. However in spite of that because of the sheer business traction and also the fact that there is a full-fledged life insurance business sitting inside that company which is not properly being valued, we recommend buying Exide at current level," he said.