Shardul Kulkarni, Angel Broking advice traders to buy Godrej Properties and Godrej Industries. He expects that both stocks should rally from current levels.
Kulkarni told CNBC-TV18, “The two stocks look quite good in real estate space. Godrej Properties as a stock looks excellent on the charts. I think that going forward you should see a move to around Rs 635 to Rs 640 in case of Godrej Properties. Right now the stock is around Rs 590 levels. I think it makes lot of sense to buy into Godrej Properties.”
He further added, “One can also look at Godrej Industries which has a major holding in Godrej Properties. A stock shows you a very strong flag breakout. I think Godrej Industries can move to around Rs 295 as a primary target - post that Rs 320 to Rs 325 is what I would expect in case of Godrej Industries.” Disclosures: Yes it is possible that we have recommended the stocks to our clients and we have them in our portfolio.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
