Godrej Industries has target of Rs 193: Thununguntla

Godrej Industries has target of Rs 193, says Jagannadham Thununguntla, Head of Research, SMC Global.

Thununguntla told CNBC-TV18, "Godrej Industries has target of Rs 193. It is a clear leader in FMCG and almost in all the verticals they have, the company is betting upon the company is growing very fast."
He further added, "And considering this year little bit of uncertainty on global macro front the company can become a good defensive bet. The target is chosen with target price of Rs 193 for the day."