Stock market analyst Somil Mehta of Sharekhan has maintained 'buy' rating on Godrej Industries Limited stock with a short-term target of Rs 245.

The stock can be bought with stop loss of Rs 223.

Today, the stock of the company opened at Rs 234 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 247.70 and a low of Rs 141.20 on BSE.

Current EPS is -0.41.

Godrej Industries recorded an increase of 12.53% in its consolidated net profit, which stood at Rs 75.03 crore for the three month period ended September 30, 2010.

The group, which has varied business interest including chemicals, properties and consumer goods, recorded a jump of 20.2% in its net sales at Rs 989.60 crore as against Rs 822.95 crore registered during the same quarter last fiscal.

Godrej Industries Chairman A B Godrej stated, "Our operating chemicals business has shown a steady growth in both sales and profits over the previous year on the back of our continued eforts to improve efficiency and reduce costs."

Godrej Security Solutions, a division of Godrej & Boyce Manufacturing Company, has launched an advanced collection of electronic Safes, GSS Defender Z+ Safes, for jewellers, banking institutions as well as financiers.