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NSEMar 05, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-11-21||Godrej Industries Ltd. +||ICICI Securities Limited||435.65||500.00||435.65 (7.10%)||Hold|
ICICI Securities Limited
Prevailing holdco discount at 55%, two-year average at ~45% Godrej Industries derives its primarily value from its holding in other group companies. Its share of holding as of date (November 2019) has a market value of ~| 33,000 crore vs. its prevalent market capitalisation of ~| 15,000 crore, thereby implying a holding company discount of ~55%. In the past two years, we have seen this holding company discount averaging at ~45%, providing us hope of prevalent discounts converging towards their mean. Exhibit 1: Holding company discount trend...
|2019-04-16||Godrej Industries Ltd. +||Rudra Shares and Stock Brokers Ltd||526.20||597.00||526.20 (-11.33%)||Buy|
Rudra Shares and Stock Brokers Ltd
Flagship Company of the Godrej group and has a leadership position in the core business of oleo chemicals. It holds 23.8% stake in Godrej Consumer Products, 53.60% in Godrej Properties (GPL), 58% of Godrej Agrovet (GAVL) and 100% of Natures Basket (NBL). Healthy promoter pedigree in creating shareholder wealth...
|2018-11-13||Godrej Industries Ltd. +||HDFC Securities||496.30||496.30 (-5.98%)||Results Update|
Godrej Industries Ltd Q2FY19 results Comment Revenue decreased by 13.43% to Rs. 2624.02 Cr in Q2FY19 when compared to the previous quarter. On the other hand, it rose by 14.76% when compared with Q2FY18.
|2018-08-16||Godrej Industries Ltd. +||HDFC Securities||612.55||612.55 (-23.83%)||Results Update|
|2018-04-05||Godrej Industries Ltd. +||Way2Wealth||556.25||556.25 (-16.12%)||Buy|
Godrej Industries is a holding company for some of the major Godrej Group companies. With interests in consumer goods, real estate, agriculture and gourmet retail through their subsidiary and associate companies, the company is spread across 18 countries. Their standalone primary business is of Chemicals; and ranks among India's leading manufacturers of oleo chemicals and surfactants. GIL exports to over 80 countries in North...
|2017-07-10||Godrej Industries Ltd. +||ICICI Securities Limited||665.00||780.00||665.00 (-29.83%)||Buy|
|2017-05-29||Godrej Industries Ltd. +||HDFC Securities||587.85||587.85 (-20.63%)||Results Update|
|2017-02-23||Godrej Industries Ltd. +||Axis Direct||505.80||517.00||505.80 (-7.75%)||Target met||Hold|
|2017-02-17||Godrej Industries Ltd. +||HDFC Securities||481.60||481.60 (-3.11%)||Results Update|
|2016-01-18||Godrej Industries Ltd. +||LKP Securities||341.95||442.00||341.95 (36.45%)||Target met||Buy|
Godrej Industries Limited (GIL) is one of the holding companies of the 119 year old Godrej group. It holds ~ 23.8% in Godrej Consumer Products (GCPL), ~56.7% in Godrej Properties (GPL), ~60.8% of Godrej Agrovet (GAVL) and...