Sandeep Wagle of powermywealth.com told CNBC-TV18, "Godrej Industries has already moved up but trend is still positive. I would wait for a corrective move probably near to Rs 550-570 somewhere around that. I think Rs 500 would be a safe stoploss and in the next 12-15 months were those levels to come in and post that the moves could take the stock somewhere around Rs 750 or so. So, our view is positive, but I would wait for some kind of a correction to buy into."
Godrej Industries ended at Rs 618.20, down Rs 1.10, or 0.18 percent on the NSE.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!