Buy Godrej Properties, Godrej Industries: Kulkarni

Kulkarni told CNBC-TV18, “The two stocks look quite good in real estate space. Godrej Properties as a stock looks excellent on the charts. I think that going forward you should see a move to around Rs 635 to Rs 640 in case of Godrej Properties. Right now the stock is around Rs 590 levels. I think it makes lot of sense to buy into Godrej Properties.”

He further added, “One can also look at Godrej Industries which has a major holding in Godrej Properties. A stock shows you a very strong flag breakout. I think Godrej Industries can move to around Rs 295 as a primary target - post that Rs 320 to Rs 325 is what I would expect in case of Godrej Industries.”

Disclosures: Yes it is possible that we have recommended the stocks to our clients and we have them in our portfolio.