Kunal Bothra of LKP Securities told CNBC-TV18, "Godrej Industries has come back above 200 day moving average and it has given a golden crossover what we call in terms of technicals – the 50 day moving average and is crossing over the 200-day moving average which is a good sign of a strong uptrend coming. I would suggest a buy with a target of Rs 370 and a stop loss at Rs 330."
"JK Lakshmi Cement is just about coming above the 200-day moving average. In terms of pattern it is forming a inverse head and shoulders and I believe on a short term basis it could be bought, target could be Rs 420 and stop loss of Rs 375," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!