INSUBCONTINENT EXCLUSIVE:
Jayesh Bhanushali of IIFL has a buy call on VIP Industries Ltd
with a target price of Rs 500.0
The current price of VIP Industries Ltd
is Rs 469.7 Time period given by the analyst is Intra Day when VIP Industries Ltd
price can reach defined target.Jayesh Bhanushali recommended to keep a stoploss at Rs 463
VIP Industries Ltd., incorporated in 1968, has a market cap of Rs 6637.67 crore
key Products/Revenue Segments include Soft Luggage which contributed Rs 1780.55 Crore to Sales Value (99.78 % of Total Sales), Scrap which
contributed Rs 3.00 Crore to Sales Value (0.16 % of Total Sales) and Export Incentives which contributed Rs .89 Crore to Sales Value (0.04 %
of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 412.27 Crore, down -26.93 % from last quarter Sales
of Rs 564.18 Crore and up 2.61 % from last year same quarter Sales of Rs 401.78 Crore Company has reported net profit after tax of Rs 32.92
Mr.Tushar Jani, Ms.Radhika Piramal
Company has Price Waterhouse LLP as its auditors
As on 31-12-2019, the company has a total of 141,317,315 shares outstanding.