Buy Godrej Industries, says Ashish Kapur

Buy Godrej Industries, says Ashish Kapur, CEO of Investshoppe.

Kapur told CNBC-TV18, "We recommend investors to go long on Godrej Industries. The company is doing very well and has reported a 30% increase in its net profit in the last quarter and on a consolidated basis, the net profit growth is as high as 46%. They are doing well on all fronts. Their real estate arm, which is Godrej Properties has managed a very good growth in turnover and profitability despite tough conditions prevailing in the real estate market." He further added, "Their agri division which is Godrej Agrovet continues to do very well on various products, which they have launched. The company is on a major expansion mode. We expect the next two years to be very good for this company. On a fundamental basis also we are recommending a buy for long term investors but for the day we have a target of Rs 212 with a stop loss at Rs 184.90." Click HERE to know the rules and follow the score card