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The stock of Exide Industries gained 5 per cent with good volume on Thursday. Investors with a short-term perspective and contrarian view can buy the stock at current levels.
The short-term outlook appears to be positive for the stock, from a contrarian perspective. It can continue to trend upwards in the ensuing trading sessions and reach the price targets of ₹146 and ₹150 levels. Traders can buy the stock with a stop-loss at ₹135.
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