Godrej Industries has target of Rs 238: Thunuguntla

Godrej Industries has target of Rs 238, says Jagannadham Thunuguntla, Head of Research, SMC Global.

Thunuguntla told CNBC-TV18, "Godrej Industries has target of Rs 238. Considering the current market conditions a quality FMCG play and the company has been growing very aggressively both organically and inorganically and very strong brand in the rural places. There is a reason to believe the stock should do well even in the medium term and the stock is picked up with a day target price of Rs 238."