Abhishek Karande of SBICAP Securities told CNBC-TV18, "I was quite bullish on the autos. Exide Industries is now coming out of consolidation and I feel it is now headed for another 10 percent rally. Once you see Rs 130 been taken out then the stock coming into picture and everybody jump in to run but one should buy this accumulation."
The share touched its 52-week high Rs 149.90 and 52-week low Rs 110.50 on 08 January, 2013 and 26 November, 2013, respectively.
Disclosure: He may have recommended the above stock to his clients as a part of their holdings.
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