Buy Godrej Industries, target of Rs 206-207: Hemant Thukral

Hemant Thukral of SBI Capital Securities advised buying Godrej Industries with a target of Rs 206-207.

Thukral told CNBC-TV18, "Godrej Industries is a midcap counter which has seen lot of consolidation over the past week. Yesterday we have seen fresh open interest being added up; cash volumes have also seen a huge surge. The stock has closed well above Rs 193, which was acting as a stiff resistance, where 200 DMA was also placed. In the short-term the target seems to be Rs 206-207."