Technical analyst Shardul Kulkarni of Angel Broking is bullish on Godrej Industries Ltd and has recommended 'buy' rating on the stock with a short-term target of Rs 245.

According to analyst, the interested investors can buy the stock above Rs 235 with a stop loss of Rs 230.

Today, the stock of the company opened at Rs 230 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 247.70 and a low of Rs 141.20 on BSE.

Current EPS is -0.41.

For the three month period ended September 30, Godrej Industries has registered a growth of 12.53%in its consolidated net profit, which stood at Rs 75.03 crore.

Diversified biz firm said that it had a consolidated net profit of Rs 66.67 crore during the three month period ended September 30, 2009,

During July-September period, the company's net sales climbed 20.2% to Rs 989.60 crore as compared to Rs 822.95 crore registered during the same period of last fiscal.

Godrej Industries Chairman A B Godrej stated, "Our operating chemicals business has shown a steady growth in both sales and profits over the previous year on the back of our continued eforts to improve efficiency and reduce costs."