Godrej Ind Intraday Buy Call

Godrej Ind Intraday Buy CallStock market analysts have maintained ‘buy’ rating on Godrej Industries with an intraday target above Rs 220.

According to them, interested traders can purchase the stock above Rs 216 with a strict stop loss of Rs 212.

Shares of the company, on Monday (Oct 12), closed at Rs 208.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 0.08 and 2626.25 respectively. The share price has seen a 52-week high of Rs 215.50 and a low of Rs 46.25 on BSE.

Godrej Ind on Oct 09 declared that high court of judicature at Bombay has sanctioned the merger plan of Godrej Hygiene Care with Godrej Consumer Products.

The company added that effective date of the plan will be the date on which the approved copy of the order passed by the High Court is lodged with the registry of companies, Maharashtra, Mumbai.

Godrej Ind on Oct 07 declared that the company’s directors have given their nod to an offer to enter into a MoU with Godrej & Boyce Mfg and Godrej Properties for property development at Vikhroli.

Godrej Ind on Sep 23 announced that its stockholders have sanctioned the company’s offer to invest in shares or provide loans to its JV company, Godrej Hershey.

Godrej Hershey is a JV between Godrej Beverages and Foods, a division of Godrej Ind and North America’s top chocolate and confectionery manufacturer the Hershey Company.