Buy Godrej Industries; sell L&T: Rahul Mohindar

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "In Godrej Industries in the very near-term we will be looking at targets of Rs 415, so worth a buy even at present levels of Rs 390, Rs 378 being a stoploss one could look at continued outperformance on the stock. I think if you look at the very long-term, the stock is again being in a range of Rs 320-420 and that breakout is going to give us a meaningful drive. So, that is the real number to watch for beyond this short-term call.""On Larsen and Toubro (L&T), we have a sell call. We have seen Rs 1,380, a very strong resistance. In fact it has made repeated attempts to break out of this level, but it has resisted. It is failing to cross Rs 1,380. So, seeing that whole setup, we think the stock is going to once again go to Rs 1,300 if not lower levels. So, I would sell L&T at Rs 1,355 with a stoploss at Rs 1,380," he added.