Godrej Industries records fresh all-time high, jumps 7% on heavy volumes

Over 12 lakh shares exchanged hands in trade on the bourses, over 300 percent higher than the one-month daily traded average of four lakh shares.

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26 Aug, 2025 12:21

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Godrej Industries surged seven percent in trade on September 3, as heavy trading volumes caused the counter to record a fresh all-time high. Over 12 lakh shares exchanged hands in trade on the bourses, over 300 percent higher than the one-month daily traded average of four lakh shares.

At 2 pm, Godrej Industries shares were quoting Rs 1,138 per share on the NSE, higher by 7.2 percent compared to the previous session's closing price.

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Godrej Industries generates major value from its listed subsidiaries and associates viz. Godrej Consumer, Godrej Properties and Godrej Agrovet, said ICICI Securities. As per the brokerage's target prices for Godrej Consumer, Godrej Properties and Godrej Agrovet and 55 percent holdco discount, Godrej Industries’ value works out to Rs 1,260 per share.

"At present, the stock trades at a discount of 62% to the combined market value of subsidiaries and associates. We believe, the subsidiaries as well as associates of Godrej Industries, shall be the net beneficiaries of recovery in end-user industries," said ICICI Securities.

"Godrej Industries is bullish but also extremely overbought on the daily charts. The next resistance is at Rs 1,196. Investors should keep booking profits as a daily close below support of Rs 1,067 could lead to target of Rs 859 in the near term," said A R Ramachandran, Independent Research Analyst.

Over the past year, Godrej Industries shares surged over 100 percent, more than doubling investors' wealth. In comparison, the benchmark Nifty 50 has gained around 30 percent during the same time.

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