Godrej Industries: Technicals Remain Bullish, SEBI RA Sameer Pande Eyes ₹1,240 Resistance

Shares of Godrej Industries Limited are gaining attention following the company’s robust FY25 earnings and a favorable technical setup that suggests continued strength in the near term. 

According to SEBI-registered analyst Sameer Pande, the diversified Godrej Group holding company is exhibiting bullish signals across multiple timeframes, underpinned by both technical momentum and solid financials.

The stock shows a positive bias on the monthly chart, with the Relative Strength Index (RSI) near 61, indicating sustained buying interest. 

The weekly timeframe also supports this view, reflecting persistent upward momentum. 

However, Pande highlights a potential hurdle in a resistance zone between ₹1,200 and ₹1,240, which could cap gains unless decisively breached. 

To mitigate downside risks, he advises traders to maintain a stop loss at ₹1,120 on a closing basis.

These technical insights align with Godrej Industries’ recent strong earnings performance. 

The company returned to profitability with a net profit of ₹183 crore for the March quarter, compared to a net loss of ₹311.8 crore in the same quarter last fiscal year.

It also reported a 25% year-on-year revenue growth, alongside a sharp rise in net income and profit margins, reinforcing investor confidence in its diversified business model.

Its real estate, chemicals, and select FMCG categories were the key drivers, but the personal care segment showed mixed trends.  

Data on Stocktwits shows retail sentiment flipped from ‘bullish’ to ‘neutral’ a week ago.

Godrej Industries shares are up 2% year-to-date (YTD).

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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