Buy VIP Industries, says Rajesh Agarwal

Buy VIP Industries, says Rajesh Agarwal of Eastern Financiers.

Agarwal told CNBC-TV18, "One can buy VIP Industries with a stop loss of Rs 940 and day target of Rs 1025. The company is a leading branded luggage manufacturer. They have presence in overseas market also like Indonesia, Hong Kong, Russia and Canada. They have a strong brand portfolio and a strong distribution network. Recently they have launched Carlton brand and in the next 2 quarters they are planning to launch women hand bags."
He further added, "Going forward we believe this company can report good numbers. They have done good numbers in the past also but the performance can be repeated in the coming quarters. They have 60% market share in the organized luggage market."