Benefitting from the repeal of ULCA and possible IPO of the Godrej Properties, Godrej Industry is all set to fly. Godrej Industry has substantial holdings (around 82%) in Godrej Properties which will result in value unlocking when the IPO comes, and if rumors are to be believed existing GI shareholders might be getting some shares of Godrej Properties.So a buy is recommended.
CMP: 370
Target: 500 (near term)
Disclosure: I am not holding GI so far. (Darn I don't have money in my account. :-( )
Economics Times Link:
http://economictimes.indiatimes.com/articleshow/2112320.cms
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