Buy VIP Industries: Kamlesh Kotak

Buy VIP Industries, says Kamlesh Kotak, Asian Market Securities.

Kotak told CNBC-TV18, "We maintain our buy rating on VIP Ind. As expected the company has posted decent set of numbers for Q1, the management has guided for 20% revenue growth and even higher profitability for the year which looks feasible going by the company's strong business model. A decent RoE and high cash generation and consumer led demand makes the stock excellent long-term stock investment. However, for the intra day we recommend a buy with a target of Rs 830."

Click HERE to know the rules and follow the score card