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Buy VIP Industries, says Mehraboon Irani

Mehraboon Irani of Nirmal Bang recommends buying VIP Industries.

October 10, 2014 / 16:55 IST
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Mehraboon Irani of Nirmal Bang told CNBC-TV18, "VIP Industries looks attractive. If you compare VIP to other luggage manufacturers, at Rs 120-122 I don’t think I am going to advice people to book profits. I think the stock possibly should end up outperforming at least as far as the midcap index goes over the next one to three quarters. This is a good retail stock to buy."

The company's trailing 12-month (TTM) EPS was at Rs 4.40 per share. (Jun, 2014). The stock's price-to-earnings (P/E) ratio was 27.50. The latest book value of the company is Rs 20.34 per share. At current value, the price-to-book value of the company was 5.95. The dividend yield of the company was 1.4 percent.

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first published: Oct 10, 2014 04:49 pm

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