Godrej Industries can touch 280-285: Prakash Diwan

ET Now spoke to Prakash Diwan, Head - Institutional Business, Networth Stock Broking, on his stock recommendations.

ET Now: What would you do with Godrej Industries? Is it looking lucrative at current levels?

Prakash Diwan: I guess so, there is quite some upside left and you need to understand the trigger behind this could possibly be the restructuring, which the company started of last year.

Initially it was more to do with the holding pattern, the family's involvement and with the second generation of the Godrej family taking reins of some of the newer businesses and recently they actually commissioned a whole restructuring exercise with a very famous, well known global consultancy about how to get out of some of the unrelated businesses they were into.

It is into lots of businesses, which seem to be unrelated at times and it never got the value, which it deserved to, so it started moving from its 196 level sometime back and it should go all the way to about, fair value wise, it is about 280-285, which should happen.