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Last Updated : Sep 18, 2018 04:37 PM IST | Source:

Accumulate VIP Industries; target of Rs 570: Kotak Securities

Kotak Securities recommended accumulate rating on VIP Industries with a target price of Rs 570 in its research report dated 06 Aug 2018.

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Kotak Securities' research report on VIP Industries

Multi quarter super performance – VIP Industries has reported its strongest quarter in the history of the company. The strength of the performance indicates strong volume growth in a seasonally strong quarter for the company, improvement in realisations with pass through of raw material price inflation and sustained efforts by the company to improve its performance.


The stock has run by more than 30% since our last update, but still offers upside owing to its continued strong performance. We now Recommend an ACCUMULATE for this high growth stock with an increased TP of Rs 570 (from Rs450) at 40x FY20E (increased from 35x).


For all recommendations report, click here

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First Published on Aug 8, 2018 04:59 pm
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