Tulsian told CNBC-TV18, "Exide Industries results have been good but the market has stopped taking the assurances or maybe the continuity of the similar kind of performance. Maybe apart from the subdued topline there is other income element also of about Rs 30 crore which market is deducting by about Rs 10-12 crore from the bottomline of Rs 146 crore having posted by the company."
He further added, "Maybe market is not very confident going forward but at least I will be keeping the positive stance on the stock. The kind of long positions which we have seen getting built in the stock for last one week may have seen liquidation. However, if it falls below Rs 130 because in view of the falling lead prices that seems to be positive for the stock and even the increase in their replacement market share seems positive. So, maybe below Rs 130 the stock can be looked for buying."
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