Exit Exide Industries, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For any one who is a short-term trader, one should get out now. Exide Industries has a strong resistances at Rs 160-170 and it can take weeks or months to overcome that resistance. If you are a long-term investor you should really be buying and staying with it for three years and then you can hope that resistances will be overcome and Rs 200 plus levels will come but for six months no one can say. So, why not get out now when the going is good."

At 12:01 hrs Exide Industries was quoting at Rs 162, up Rs 0.90, or 0.56 percent. It has touched an intraday high of Rs 162.70 and an intraday low of Rs 161.

Disclosure: Analyst does not have positions in the stock.