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    Luggage companies: Lost case or a steal for the long term?

    While it appears all gloomy, in the medium term, post pandemic the balance may tilt in favour of VIP and Safari

    Madhuchanda Dey
    August 24, 2020 / 10:59 AM IST
    Luggage companies: Lost case or a steal for the long term?

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Madhuchanda Dey Moneycontrol Research Highlights - Weak Q1, a total washout quarter - Resorting to cost management and cash conservation - After the pandemic, may be an opportunity for survivors due to weak competition - Dependence on China for soft luggage a problem, VIP relatively better placed on sourcing - Buy these stocks with an eye on the long term Luggage is perhaps one of the worst affected sectors due to the pandemic, as travel-the principal source of demand--has come to a near halt. Since it is a...

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