Godrej Consumer Products (GCPL)closed 2.5% higher in trade today at Rs1003 compared to 0.7% drop in the benchmark Nifty.Based on EPS of Rs27, the stock currently trades at 37x FY19E earnings. We have a BUY rating on the stock with target price of Rs 1120.
DISHTV (PREVIOUS CLOSE: 82) BUY
Fresh long position can be initiated in the range of Rs 80-78 for the target of Rs89-92 with a strict stop loss of Rs 74.
M&MFIN (PREVIOUS CLOSE: 444)BUY
For today’s trade, long position can be initiated at around Rs441-438 for the target of Rs 452-460 with a strict stop loss of Rs 434.
FORTIS (PREVIOUS CLOSE: 145) SELL
For today’s trade, short position can be initiated at around Rs147-149 for the target of Rs140-137 with a strict stop loss of Rs 152.
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