Godrej Industries’ stock jumped 13.35% this week amid heavy volumes.
According to ICICI Securities, Godrej Industries generates significant value from its listed subsidiaries and associates, which include Godrej Consumer, Godrej Properties and Godrej Agrovet. Godrej Industries is valued at Rs 1,260 per share based on the brokerage’s target prices for Godrej Consumer, Godrej Properties, and Godrej Agrovet, as well as a 55% holdco discount.
Godrej Industries’ stock increased by over 100% in the last year, more than doubling the wealth of investors. In comparison, the benchmark Nifty 50 has gained around 30% during the same period.
Stock Performance on Friday
– Open: ₹1,205.35
– High: ₹1,314.00
– Low: ₹1,193.00
