Ashu Madan of Religare Securities told CNBC-TV18, "I will not suggest to buy Exide Industries ahead of results for long term. It is at 52-week high, we have seen from last quarter to this quarter it was at approximately Rs 140-150 and it has come up to Rs 180 around, so at this price wait for the results, no hurry, it is at 52-week high."He further added, "I know the company is doing well. Probably will continue to do well but at these prices one has to be cautious because normally the entry prices has to be, you really can’t time the lowest and the highest in the market but still better the price to enter would definitely give you more leverage and more headway to make profit and probably to hold for longer time. So, with that premise I would say wait for sometime; let the results be out and post results one can buy."
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