Buy Godrej Industries, target Rs 540: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has buy call on Godrej Industries Ltd. with a target price of Rs 540. The current market price of Godrej Industries Ltd. is Rs 499. The time period given by the analyst is Intra Day when Godrej Industries Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 480
Godrej Industries Ltd., incorporated in 1988, is a largecap company with a market cap of Rs 16785.41 crore.
Godrej Industries Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 1526.62 Crore to Sales Value (95.28 % of Total Sales), Dividend which contributed Rs 46.94 Crore to Sales Value (2.92 % of Total Sales), Export Incentives which contributed Rs 15.52 Crore to Sales Value (0.96 % of Total Sales), Licence Fees which contributed Rs 11.23 Crore to Sales Value (0.70 % of Total Sales) and Scrap which contributed Rs 1.86 Crore to Sales Value (0.11 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 2624.02 Crore, down -13.43 % from last quarter Sales of Rs 3031.26 Crore and up 6.46 % from last year same quarter Sales of Rs 2464.91 Crore Company has reported net profit after tax of Rs 64.72 Crore in latest quarter. The company’s top management includes Mr.A B Choudhury, Mr.A B Godrej, Mr.A D Cooper, Mr.J N Godrej, Mr.K K Dastur, Mr.K M Elavia, Mr.K N Petigara, Mr.N B Godrej, Mr.N S Nabar, Mr.S A Ahmadullah, Mr.V M Crishna, Ms.T A Dubash. Company has BSR & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 336,380,913 shares outstanding.