Exide continues to under deliver over the last few quarters: Prashasta Seth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth shares his view on Exide industries

ET Now: You are disappointed by Exide numbers that is down in the market like this, down close to 5% in trade.

Prashasta Seth: So Exide has been an enigma so you would expect that margins will improve this quarter. The commodity prices were not that strong so ideally it should have helped Exide but unfortunately Exide continues to under deliver over the last few quarters and that has been a big trend. So obvious very disappointing set of numbers and the problem is that disappointment is getting compounded on quarter on quarter basis so every quarter you see some disappointment on the other so something that is being flattering to deceive.