Recommend to buy Exide Industries: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his views on Exide Industries.

ET Now: What would you be doing though now if your top clients coming to you for advice?

Sudip Bandyopadhyay: We have some interesting ideas in the midcap and we are advising people to buy Exide Industries.

It is a value unlocking story. The entire insurance business which is sitting inside the Exide is not getting valued. Somewhere, the value unlocking will happen and Exide will be the biggest beneficiary. Core business also is improving. Last two quarters have not been good but I believe it is improving.