Gautam Chhaochharia of UBS India told CNBC-TV18 on Exide Industries, "In the midcap space Exide Industries does remain one of the top picks. Clearly its competitor is facing capacity constraints and the outlook on the replacement market still remains very good despite a tough macro environment because it coincides with the strong OEM cycle which we saw three years back.
He further added, "So replacement market should be good, competitive intensity is much lower while the street forecasts are not really building in any margin expansion while we have already seen initial signs of pricing power coming back. This is a stock where valuations are supportive and there is potential for earnings upgrades".Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
