Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Godrej Industries has a strong support level at Rs 285-290, in fact this is a level at which it stopped when the Nifty fell to 5,500. Therefore, at 5,500 this support level was holding. It is holding as of now and it is standing at Rs 290."
"If this market is going up and I am assuming at least it is going for a relief rally for the next few days then Rs 285-290 is a perfect location from where Godrej Industries will bounce back. We take this trade, the risk is very low and rewards could potentially be much better," he says. Also Read: Godrej Industries Q4 net at Rs 93.67 cr; income Rs 1,457 cr
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