Technical analyst JK Jain of Karvy Stock Broking has maintained 'sell' rating on Exide Industries Limited stock with a target of Rs 125.

According to analyst, the investors can sell the stock on rally to Rs 140 with a stop loss of Rs 146.

Mr. Jain added that it is better to sell the stock at this time as it looks weak.

Today, the stock of the company opened at Rs 136.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 179.80 and a low of Rs 105.40 on BSE.

Current EPS & P/E ratio stood at 6.94 and 20.52 respectively.

As per reports, the stock of the company (Exide Ind) dropped 11% on Tuesday as it announced a fall in its net profit for the three month period ended December 2010.

India's biggest automobile and industrial battery manufacturer has registered a marginal drop of 4% in its net profit for the quarter ended December 31, 2010.

The company's quarterly net profit stood at Rs 1,244.20 million as against Rs 1,304.80 million during the corresponding period of 2009.

Total income of the company jumped 18.53% during the quarter under review.

Exide's total income during the quarter stood at Rs 10,833 million for the quarter ended Dec 2010 as compared to Rs 9,139.30 million during December 2009.