Buy Exide Industries, says Ambareesh Baliga

Ambareesh Baliga, Market Expert told CNBC-TV18, "I am quite surprised that Exide Industries corrected after the results. One can see that it moved up from Rs 160 levels to these Rs 180 levels before correcting but then there is a huge amount of catch up which it has to do with Amara Raja Batteries which has outperformed in the last two and half to three years.""Looking at their business other than batteries, insurance business has become much more visible. If you see in the last six to nine months, that has become much more visible. So, I think even at these levels it is not a bad buy. I think, even if it falls another Rs 4-5, one should be looking at picking it up," he said.