Buy Godrej Industries, target Rs 552: Dr CK Narayan

INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a buy call on Godrej Industries Ltd
with a target price of Rs 552
The current market price of Godrej Industries Ltd
is Rs 540.7
Time period given by the analyst is Intra Day when Godrej Industries Ltd
price can reach the defined target
Dr CK Narayan recommended to keep stoploss at Rs 533
Godrej Industries Ltd., incorporated in 1988, is a midcap company with a market cap of Rs 18188.30 crore. Godrej Industries Ltd
key Products/Revenue Segments include Personal Care which contributed Rs 1751.97 Crore to Sales Value (88.20 % of Total Sales), Dividend
which contributed Rs 198.74 Crore to Sales Value (10.00 % of Total Sales), Export Incentives which contributed Rs 19.91 Crore to Sales Value
(1.00 % of Total Sales), Rental Income which contributed Rs 14.28 Crore to Sales Value (0.71 % of Total Sales) and Scrap which contributed
Rs 1.42 Crore to Sales Value (0.07 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 2473.24 Crore, down -5.75 % from last quarter Sales
of Rs 2624.02 Crore and up .60 % from last year same quarter Sales of Rs 2458.48 Crore Company has reported net profit after tax of Rs
-22.49 Crore in latest quarter
Petigara, Mr.N B Godrej, Mr.N S Nabar, Mr.S A Ahmadullah, Mr.V M Crishna, Ms.Rashmi Joshi, Ms.T A Dubash
Company has BSR Co
LLP as its auditoRs As on 14-01-2019, the company has a total of 336,384,367 shares outstanding