Budget 2021 Stocks With Anil Singhvi – GODREJ INDUSTRIES is a TOP stock, says Market Guru; lists 4 reasons why to BUY it
Top Stocks to Buy with Anil Singhvi – GODREJ INDUSTRIES: In today’s edition of Budget 2021 Stock Picks with Zee Business Managing Editor Anil Singhvi, Senior Research Analyst Varun Dubey brings another stock that will be in flavour till the budget announcement on 1 February and even after it. This stock is Godrej Industries. Know what stands out for this counter.
Dubey said that if any investor wishes to take a position in a Godrej group stocks, then Godrej Industries is the best bet as it covers Godrej Agrovet, Godrej Properties and Godrej Consumer etc. The portfolio is diversified and includes areas like animal feed, FMCG, vegetable oils, crop protection, real estate and chemicals. This is a holding company of Godrej Group, he added.
See Zee Business Live TV Streaming Below:
Godrej Industries also has its own businesses which includes oleo chemicals and it is in high demand. It is a growing segment and is one of the top triggers for the company’s growth.
Another important growth story is the real estate sector which is seeing a turnaround now. This will have an impact in Godrej Properties and Godrej Industries as well.
Watch Zee Business Tweet Video Below:
आकर्षक वैल्युएशंस और दमदार फंडामेंटल वाला सस्ता बजट शेयर जो कराएगा दमदार कमाई...
— Zee Business (@ZeeBusiness) January 13, 2021
GODREJ INDUSTRIES Stock Valuations
Godrej Industries has a land bank in Mumbai’s Vikhroli which is worth Rs 20,000 cr and since it is a holding company, it is valued at Rs 42,000 cr. If this is considered, the stocks are trading at a discount of 66 per cent.
The financials of Godrej Industries are strong with cash in hand around Rs 980 cr. Godrej Industries revenues have grown at a CAGR of over 12 per cent while the profits have grown at 15 per cent over a 10-year period, he said. Godrej Industries stock is at its 52-week high while the lifetime high is around Rs 700.
Godrej Industries share price is currently trading around Rs 440.
Anil Singhvi’s View on GODREJ INDUSTRIES
The Market Guru said that Godrej Industries is an excellent company and promises good returns on investments. He said that Godrej Industries biggest plus point is its promoters and the company has a clean record in terms of business practices. It is number one in terms of corporate governance. There are no family disputes and Godrej Industries has made an amazing succession plan. It will be difficult to find a better business Group than this, Singhvi said.
There are no corporate governance issues in Godrej Industries either and this is the second most important point about this company. It will also benefit from the India growth story as it has presence in all key sectors including real estate, agriculture, FMCG and chemicals. And everything that the budget will have an impact on Godrej Industries. Godrej Industries stock valuations are very attractive, which is another strong point in its favour, the Managing Editor said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.