New Delhi, June 19 -- Indian benchmark indices remained range-bound as ongoing geopolitical tensions continued to weigh on sentiment.

The Nifty 50 shed 40 points, or 0.14%, to close at 24,843, while the Sensex ended 105 points lower, or 0.13%, at 81,479. The decline was led by losses in tech, FMCG and media stocks.

GODREJIND (Current market price: Rs.1,348)

Why Godrej Industries is recommended: The company has recently reported significant turnaround this quarter with numbers that can now help it to stem the decline. The last two quarters with some encouraging numbers we can expect the trends to showcase some robustness. Also, a positive long body candle clearly highlights that the block deal at a premium indicates that the improving s...