Weakness likely to continue in VIP Industries: Tulsian

Weakness is likely to continue in VIP Industries, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “VIP Industries, if one sees the weakening rupee – will definitely be a big dent on their profitability because major portion of their products are imported and that is seeing a lot of pressure on their margin, they are unable to pass on the kind of competition which we have been seeing from the other players in the luggage space.”

He further added, “I don’t think that things are really too comforting and even if you see the price behavior of the stock for last three months I think it was more ruling because of the trading factors or the technical reason rather than any fundamentals because fundamental weakness was already established maybe three-four months back on the stock so continuing with the same view that weakness is likely to remain on the pure fundamental basis even the next two quarter results are not likely to be anything great.”