Review

GODREJ INDUSTRIES LTD. 

Ticker : 500164  
FV : Rs 1 
52-Week H/L : Rs 555.85/234.00

We had previously recommended Godrej Industries in volume 37, issue no. 22, dated March 22, 2021, when the scrip was trading at Rs 506.10. It was recommended based on the growth in the company’s business. On the consolidated quarterly front, the company recorded net sales of Rs 2,356.47 crore for Q3FY21, which is a decrease of 12.6 per cent from its net sales of Rs 2,696.31 crore reported for Q3FY20. The operating profit declined by 18.84 per cent to Rs 257.42 crore in Q3FY21 from Rs 317.16 crore posted in Q3FY20. The net profit was recorded at Rs 43.59 crore in Q3FY21 from Rs 79.44 crore in Q3FY21, showing a decrease of 45.13 per cent. The company has been able to deliver strong sales growth in its business segments during Q3FY21. Hence, we recommended our investor-readers to BOOK PROFIT at Rs 547.70 per share as of March 30, 2021, with a gain of 8.21 per cent.