Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained 'Sell' rating on Godrej Industries stock to achieve a target that lies between Rs 119.40-Rs 108.

According to Mr. Vasudeo, investors can sell the stock around Rs 126.70-Rs 130.80 with a stop loss of Rs 133.80.

Today (June 11), the stock opened at Rs 124 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 0.60 and 203.33 respectively. The share price has seen a 52-week high of Rs 228.35 and a low of Rs 46.25 on BSE.

Mr. Vasudeo is of the view that investors should sell the stock today in order to avoid loss.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

On consolidated basis, Godrej Industries registered a fall of 33.57% in its net profit, which stood at Rs 1,114.70 million for the year ended on March 31, 2009 as against Rs 1,678.20 million for the year ended Mar 31, 2008.

For the year ended Mar. 31, 2009, the company’s total income grew by 15.05% to Rs 34,576.80 million from Rs 30,051.60 million for the year ended March31, 2008.

On standalone basis, the company recorded a sharp fall in its net profit for the year ended March 2009.

The company posted 83.38% fall to Rs 180.80 million during the period under review as against Rs 1,088.10 million for the year ended Mar 31, 2008.

The company’s directors have announced a final dividend of 125% of Rs 1.25 per share, the payment of which shall be made subject to stockholder’s nod.