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    HomeNewsBusinessStocksHold Godrej Industries; target of Rs 517: Axis Direct

    Hold Godrej Industries; target of Rs 517: Axis Direct

    Axis Direct recommended hold rating on Godrej Industries with a target price of Rs 517 in its research report dated February 23, 2017.

    February 27, 2017 / 16:35 IST

    Axis Direct's research report onGodrej Industries

    Current value of GCPL + GPL = Rs 175 bn (excl. holdco discount) equals to the current M-Cap of GIL, implying GAVL is available free. If a 20% holdco discount were to be assumed on the current value of GIL's holding in GCPL+Godrej Prop, it works out to Rs 140 bn.

    Outlook

    While this caps immediate upside, we remain positive onGIL as we believe profits of the underlying assets are set to compound at 20-25% p.a. over the next couple of years. Recommend HOLD with SoTP-based TP of Rs 517.

    For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Feb 27, 2017 04:35 pm

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