Promoter group entities offloaded 6.22 percent stake in the luggage manufacturer for Rs 343.2 crore with Kiddy Plast selling 10.87 lakh shares at Rs 388 per share, and Piramal Vibhuti Investments 77.5 lakh shares at Rs 388.25 per share.
Stocks to Watch, 24 September: Stocks like Swiggy, Akzo Nobel India, Dilip Buildcon, HCL Technologies, Torrent Power, Bajaj Electricals, VMS TMT, Ceinsys Tech, Sudarshan Chemical Industries, and VIP Industries will be in focus on September 24.
The shift from unbranded to branded will be driven by innovation, premiumization and e-commerce, said Motilal, spurring both volume and value growth in the organized segment.
The trend is likely to be upward despite consolidation (if any), as frontline indices now trade above all key moving averages. Below are some short-term trading ideas to consider.
Prabhudas Lilladher recommended hold rating on VIP Industries with a target price of Rs 455 in its research report dated August 07, 2025.
Stocks to Watch, 7 August: Stocks like Eternal, Hero MotoCorp, Trent, Bharat Forge, BHEL, Lumax Industries, Jindal Stainless, Fortis Healthcare, Datamatics Global, Bajaj Holdings, Cash Ur Drive Marketing, and Renol Polychem will be in focus on August 7.
Dilip Piramal said VIP Industries has had a long stint of leadership, however, last couple of years have seen the share price taper off from an all-time high of Rs 774.60 per share. Even though the management had projected a recovery, but it has not played out.
The promoters of VIP Industries have agreed to sell a 32 percent stake, which will also launch a mandatory open offer for an additional 26 percent stake
Stocks to watch, 14 July: Stocks like Avenue Supermarts, NCC, Kolte-Patil Developers, VIP Industries, Sula Vineyards, Wockhardt, Akzo Nobel India, Gland Pharma, and Travel Food Services will be in focus on July 14.
Leading private equity investors, including Multiples PE, are likely in the race to acquire stake in VIP Industries, reported CNBC-TV18
Prabhudas Lilladher is bullish on VIP Industries has recommended buy rating on the stock with a target price of Rs 404 in its research report dated May 15, 2025.
Stocks to watch, 14 May: Stocks like AurionPro Solutions,VST Tillers Tractors,VIP Industries,Honeywell Automation,GlaxoSmithKline Pharmaceuticals, Metropolis Healthcare, ITD Cementation India, Max Financial Services, Garden Reach Shipbuilders & Engineers, ASK Automotive, Bharti Airtel,Tata Motors,Dalmia Bharat Sugar and Industries, and Bharti Hexacom will be in focus on May 14.
The company has reportedly appointed investment bank Arpwood to assist in the stake sale
Prabhudas Lilladher is bullish on VIP Industries has recommended buy rating on the stock with a target price of Rs 463 in its research report dated January 29, 2025.
Stocks To Watch, Jan 29: Stocks like Exide Industries, Home First Finance Company India, Bharat Heavy Electricals, Bosch, Motilal Oswal Financial Services, Le Travenues Technology, Mahanagar Gas, UTI Asset Management Company, Som Distilleries and Breweries, SBI Cards and Payment Services, Piramal Pharma, and VIP Industries will be in focus on January 29.
The promoters, who own 51.74% of VIP Industries, have put their entire stake up for sale, which could trigger an open offer as per regulatory guidelines, the report added.
Stocks like Sona BLW Precision Forgings, Birlasoft, Birla Corporation, Fedbank Financial Services, Karnataka Bank, MAS Financial Services, Navin Fluorine International, Schaeffler India, and Piramal Pharma will also be in focus on October 24.
Despite consolidation, the Nifty IT has strongly outperformed the frontline indices, said Sudeep Shah of SBI Securities.