Avoid Exide: Prashasta Seth, IIFL Wealth

Prashasta Seth, Senior Fund Manager, IIFL Wealth, in a chat with ET Now, gives his stock call

What is your call on Exide?

For Exide you should wait for the conference call to happen which should happen sometime next week. The challenge with Exide is that over the last 4 or 5 quarters barring one quarter, most of the quarters’ results have disappointed on the downside. Till we get a better sense on what exactly is happening in the company, it is a better place to avoid.