Invest in Exide Industries: Pankaj Sharma

Pankaj Sharma, Head of Equities at Equirus Securities told CNBC-TV18, "Good & Service Tax (GST) would be very good for players where we have significant presence of unorganised sector. This includes stocks like Exide Industries. This also includes stocks like Symphony. These are the sectors where you have significant unorganised sector presence and GST coming through would be very good for these companies as the market would get more organised and it would move to players like Exide and the strength of these companies would definitely be visible in that." "What has changed particularly for Exide; in the last 18-24 months, two things which have been very positive for them is that they have started to focus very aggressively on after sale service. This has been a key problem area for Exide. It is a well-known brand and it's a leader in that but people typically were not very happy with the service standards that the company has and that is something which they have addressed and corrected. Also in terms of their investment in technology, the tie-ups which they have done and they are focusing on technology upgradation for their products and that is something which is going to help them," he said."In terms of their geographical diversification and product diversification, they have tried to fill the gaps which they have had in their offering and that has helped them. So the stock has done well in the last three-six months but I don't think it's time to take a breather. It continues to do well and we would see better results going forward for them. That's why we think that Exide is a great story and one can invest in even at these levels."