Exit VIP Industries on rally, says SP Tulsian

SP Tulsian of sptulsian.com advises traders to exit VIP Industries on rally.
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Feb 07, 2013, 05.38 PM | Source: CNBC-TV18

Exit VIP Industries on rally, says SP Tulsian

SP Tulsian of sptulsian.com advises traders to exit VIP Industries on rally.

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Exit VIP Industries on rally, says SP Tulsian

SP Tulsian of sptulsian.com advises traders to exit VIP Industries on rally.

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SP Tulsian (more)

CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO

SP Tulsian of sptulsian.com advises traders to exit VIP Industries on rally.
 
Tulsian told CNBC-TV18, “ VIP Industries , I was never convinced with this kind of valuations. If you recall about 12-18 months back it was very richly valued. If you really go by the management which has a very low market perception and if you go by the business model, 90 percent of its imported contents, they import from China and they have such a big competition threat. To push the product you have to offer discounts to the dealer, discounts on the product to the consumers and you have a lot of competition from the imported stuff.”
 
He further added, “Taking all this into consideration, you cannot really realize on the consistency of the financial performance of this company and I have as I said that I never had the confidence and the faith in the financial performance of this company considering its business model where the weakening rupee can eat away your entire profits. 85-90 percent is the imported content. So, taking all this into consideration I was always very worried or remaining away from the stock, still keeping the negative view only- whenever we see any kind of up move that should be used as an exit opportunity.”

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Exit VIP Industries on rally, says SP Tulsian

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