Buy Godrej Industies, says Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "About two-three days back Godrej Industries formed a pattern called morning star which is a bullish pattern again. We had about three days of sideways move. Today we are seeing some amount of breakout on the stock, so this is a clear bull trend and buy on consolidation stocks. So buy it with a stoploss at Rs 381 and target of Rs 430."At 14:29 hrs Godrej Industries was quoting at Rs 397.15, up Rs 6.75, or 1.73 percent.The share touched its 52-week high Rs 411 and 52-week low Rs 267.94 on 23 July, 2015 and 16 December, 2014, respectively. Disclosure: Analyst has been advising the above stock to his clients, so one can safely assume that they will have some positions in the stock.