Rajen Shah positive on Exide Industries

Rajen Shah, CIO at Angel Broking told CNBC-TV18, "Exide Industries' results are going to be reasonably fine. The stock is also at good valuations, so we are positive on it. In fact, in the month of May, at about Rs 125 levels, we had given a buy call on Exide. We continue to be positive on the stock."

At 09:26 hrs Exide Industries was quoting at Rs 125.20, up Rs 1.25, or 1.01 percent. It has touched an intraday high of Rs 125.55 and an intraday low of Rs 123.60.
The share touched its 52-week high Rs 166.30 and 52-week low Rs 115.35 on 19 October, 2012 and 08 April, 2013, respectively. Currently, it is trading 24.71 percent below its 52-week high and 8.54 percent above its 52-week low.