Sell Exide Industries, says Amit Goyal

Amit Goyal of Pace Group feels that one should sell Exide Industries.

Goyal told CNBC-Awaaz, "Short-medium term investors should sell Exide Industries. There is strong indication of downside in stock in medium term."
He further added, "One can invest in Exide Industries with a long term perspective. The stock can give attractive return in long term."
The company's trailing 12-month (TTM) EPS was at Rs 5.91 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 20.58. The latest book value of the company is Rs 31.94 per share. At current value, the price-to-book value of the company was 3.81. The dividend yield of the company was 1.23%.