Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After a strong rally Godrej Industries went through a correction and this correction has now stopped almost exactly at a strong support level. If the market is choppy or if market does not have another waterfall decline then this support should hold. In that case it is a good opportunity to go long today and even carry position if it works out well."
At 09:21 hrs Godrej Industries was quoting at Rs 297.05, up Rs 3.95, or 1.35 percent. It has touched an intraday high of Rs 297.90 and an intraday low of Rs 295.80.
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 10.51 percent below its 52-week high and 28.57 percent above its 52-week low. Market capitalisation stands at Rs 9,956.10 crore.
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