One can buy Godrej Industries, says Monal Desai, Sunidhi Securities.
Desai told CNBC-TV18, "My target for Godrej Industries is at Rs 315 and keep a stoploss at Rs 296. It has added about 8-8.5 percent in long build up. The stock is being consolidating around Rs 288-290 level and then started moving up. So, I would be a buyer over there.”
The share touched its 52-week high Rs 331.95 and 52-week low Rs 231.05 on 09 January, 2013 and 19 June, 2012, respectively. Currently, it is trading 9.41% below its 52-week high and 30.14% above its 52-week low. Market capitalisation stands at Rs 10,078.44 crore.
The company's trailing 12-month (TTM) EPS was at Rs 4.33 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 69.52. The latest book value of the company is Rs 36.51 per share. At current value, the price-to-book value of the company was 8.24. The dividend yield of the company was 0.58%.
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