Buy Godrej Industries: Sudarshan Sukhani

Buy Godrej Industries, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "A lot of consumer goods still have a lot of upside potential. Godrej Industries has been a favorite in the consumer care group. We have been tracking it since it was Rs 220, we have been bullish on it and it has now eventually reached almost Rs 290." He further added, "It is making a flag of some kind from the last 4 days. That suggests that there is more up in this stock. It broke out of that flag today not very convincingly but then we can't have everything. With a proper stoploss Godrej continues to be a buy. It has run up a lot, so a stop is required but I wouldn’t be surprised if it eventually crosses Rs 300 and goes much higher." "We have been tracking media stocks for some time now, primarily print media and it appears that all print media stocks are making large bases and breaking out of them. Jagran Prakashan is one such stock, it has made small trading range between Rs 90-95, very tight and it broke out yesterday with a big thrust on the upside and that was not the only print media stock, even HT media had done the same thing. So we have a sector or sub sector that’s going in the same way. That is why Jagran Prakashan we think is worth buying." "This is not an F&O stock but doesn’t matter, we can buy it on cash and we should do that rather than leverage it. I expect short term gains as well as sustainable intermediate term gains in this stock."