Shahina Mukadam, Independent Market Expert suggests buying Godrej Industries on dips.
Shahina Mukadam, Independent Market Expert told CNBC-TV18, "At the current levels, Godrej Industries is factoring in the investment value of both Godrej Properties as well as Godrej Consumer which if you take the two together, the investments are equivalent to about Rs 20,000 crore. So, basically if you want to give an additional value to the existing other businesses like chemicals, still I think a 20 percent discount at the current rate for a holding company is not sufficient. So, I would prefer buying it at lower levels."Godrej Industries ended at Rs 618, down Rs 2, or 0.32 percent on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.