An equity analyst with a research house, suggests his clients to go long on Godrej Industries at declined level for medium to long-term rewards. The company has reported a net profit of Rs. 164 crore on a turnover of Rs. 2707 crore for the first half of the current fiscal against a net of Rs. 124 crore on a turnover of Rs. 1952 crore for the corresponding period last year. For the entire 2010-11, the company had posted a net profit of Rs. 293 crore on a turnover of Rs. 4338 crore. Free reserves of Rs. 2051 crore against the equity capital of Rs. 31.76 crore make it a bonus candidate, too.
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