Buy stocks of Exide Industries at current level

Exide Industries:-

 "I would buy Exide Industries because we have seen improvement in market share and growth coming back over last couple of quarters. Two things for Exide going forward over the next 3 quarter perspective, this is a period which coincides with the strong recovery in auto sales which you saw three years back post the financial crisis. So, the replacement cycle looks very well positioned for them and they make most of the money in replacement market anyway. So, that should board well in terms of growth rate and margins."
He further added, "Second a slightly more medium term perspective is a huge opportunity - two wheeler batteries, they are the dominant player in two wheeler batteries, but two wheeler has seen a massive shift from kick start to push start which mean battery becomes much more critical and after market demand for that has still not come through. That should start coming through from the December quarter. Two wheeler market is much bigger than car market. So, that is a big medium term driver for them."