A test of ₹520-500 looks likely in a week or so. Traders can go short at current levels.

Today’s Pick: VIP Industries (₹554.15): SELL

The 73-year-old chairman of VIP Industries spoke to Business Today at the launch of the newly renovated Dilip Piramal Art Gallery at Mumbai’s iconic NCPA

‘Whole concept of photography has changed these days’: Dilip Piramal

The fire was controlled, but production operation of the said plant is temporarily disrupted. There are no human injuries or casualties reported. Adequate steps are being undertaken to restore theoperation of the plant. The Company is in the

V I P Industries intimates of fire accident at its Bangladesh unit

ICICI Direct is bullish on VIP Industries recommended buy rating on the stock with a target price of Rs 840 in its research report dated January 30, 2023.

Buy VIP Industries; target of Rs 840: ICICI Direct

Broker’s call: VIP Industries (Buy)

VIP’s own-manufacturing strategy is positive for margins and the stock valuation is at a discount to the consumer universe

VIP Industries Q3 FY23: Why this core portfolio stock needs to be on your radar

V I P Industries consolidated net profit rises 31.76% in the December 2022 quarter

Along with subsidiary Safari Manufacturing Limited, the group’s total capacity now stands at 5.25 lakh pieces a month. Market leader VIP Industries has a capacity of 10.25 lakh a month

Safari Industries bumps up production capacity, stock packs a punch

Its leadership position in Indian market provides it with significant scale, strength and experience to grow its position globally

VIP Industries - A ‘Bagful Of Opportunities’: HDFC Securities Initiates Coverage

Allsec Technologies (Rs 20 per share dividend), Crisil (Rs 10 per share), Navin Fluorine International (Rs 5 per share), Indian Metals & Ferro Alloys (Rs 5 per share), VIP Industries (Rs 2.5 per share), TCI (Rs 2.5 per share) and Vaibhav Global (Rs 1.5 per share) will go ex-dividend today.

Laurus Labs, Coforge, Dabur India to go ex-dividend; stock split, buyback & more

“The first quarter is usually very strong. The second quarter is the weakest quarter. The third quarter is the second biggest quarter in the year and the fourth quarter is also okay. That is why the first half and the second half usually equal out. So we are on track and because the growth trend is …

VIP Industries expects to improve margins by 2% in second half: Dilip Piramal

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

V.I.P. Industries Ltd. (VIP) is a holding company engaged in the manufacturing of hard luggages and soft luggages.