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Last Updated : Feb 19, 2014 05:03 PM IST | Source: CNBC-TV18

Pick Exide Industries: Jigar Shah

Jigar Shah, senior VP and HOR at Kim Eng Sec India is of the view that one may pick Exide Industries.

Jigar Shah, senior VP and HOR at Kim Eng Sec India told CNBC-TV18, "I like Bharat Forge and Exide Industries. I think Bharat Forge is doing very well in terms of the quarterly numbers. However, there is still some upside and we think that earnings will accelerate further."

"The Exide numbers have not been so good and therefore there is a uncertainty over the stock but valuation wise it has become very attractive and if we include the value of investments on the books, the stock is now trading at 11-12 times forward earnings and that is very attractive. The reason is that it is generally a market leader and has not traded at that valuation and we see a recovery. So, Exide could be a very good pick if one is betting on turnaround in the auto sector in FY15," he said.

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First Published on Feb 19, 2014 05:03 pm
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