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GODREJIND — Godrej Industries News Story

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IndustrialsAdventurousLarge CapMomentum Trap

India's Godrej Industries rises most in over two months on quarterly profit rise

** Shares of Godrej Industries GODI.NS up 8.4% to 1,188 rupees, set for biggest intra-day gain since June 6

** Real estate developer's Q1 profit rises 8.3%, rev grew 5%

** Co to divest entire stake in Godrej Capital to unit Godrej FS for 50 billion rupees ($571.27 million)

** Trading volume at 950,000 shares so far, 5.6x 30-day moving avg

** YTD, GODI up almost 2%

($1 = 87.5250 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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