Hold Exide Industries, market conditions are improving: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Exide.

What is the call on Exide?

Exide was a very good stock for investors for quite a while but the last 3 months from starting July have been pretty bad. If you want to see the bigger picture, then it still managed to stay about its February lows. Most stocks have gone below to February lows.

So given that maybe if someone is a longer term investor in Exide, there is no reason to dump the stock now that market conditions are also improving overall. So it is a hold if someone has the stock but not a buy simply because much better possibilities are available.