Buy Exide with target range of Rs 119-120: Edelweiss
"Exide has not moved in the last year, year-and-a-half; it should start moving against the theory of replacement market," Baliga said.
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In a chat with ET Now, Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services, shares his views on Exide. Excerpt:
ET Now: What is your view about Exide?
Ambareesh Baliga: Exide has not moved in the last year, year-and-a-half; it should start moving against the theory of replacement market because every three years, you need to change the battery. That should benefit Exide and thus, at around Rs 119-120 levels, one should look at buying Exide.
ET Now: What is your view about Exide?
Ambareesh Baliga: Exide has not moved in the last year, year-and-a-half; it should start moving against the theory of replacement market because every three years, you need to change the battery. That should benefit Exide and thus, at around Rs 119-120 levels, one should look at buying Exide.
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