ICICI Direct recommended hold rating on VIP Industries with a target price of Rs 220 in its research report dated May 27, 2020.
The stock volume grew 1.56 times and was trading with volumes of 32,835 shares, compared to its five-day average of 13,203 shares, an increase of 148.69 percent.
In Q4FY20, Rakesh Jhunjhunwala held a total of 75,00,400 shares of VIP Industries against a total of 72,15,400 shares of the company held at the end of Q3
The immediate supports are now placed at 12,050 – 11,980 and on the higher side, we saw some breather around 12,150.
Nifty needs strong momentum to rally towards 12,300-12,380. On the downside, June 7 low of 11,769 remains as important support
For the fiscal year 2018-19, profit increased by 14.6 percent to Rs 145.27 crore and revenue grew by 26 percent to Rs 1,784.66 crore against previous year.
The brand has roped in Saif Ali Khan and Kareena Kapoor Khan as brand ambassadors.
Prabhudas Lilladher is bullish on VIP Industries has recommended buy rating on the stock with a target price of Rs 579 in its research report dated March 25, 2019.
Sakshi Batra does a 3 point analysis of the Q3 fineprint.
A failure to sustain above 11,120 can trigger minor profit booking dragging the index lower to 11,000-10,840
This is the verbatim transcript of VIP Industries management call with analysts.