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.
From a technical perspective, after hitting a bottom in October, mid-cap and small-cap indices marginally outperformed the Nifty, and right now, they appear to be on the verge of a fresh breakout
Technically weak stocks which are unable to sustain above 200- or 50-DMA should be avoided, suggest experts
The upcoming results of state elections in December and general elections in 2019 will give enough entry points for investors as markets are likely to remain volatile, suggest experts
Individual stocks that more than doubled investor wealth in the last two years in the S&P BSE 500 index include names like HEG, Indiabulls Ventures, Graphite India, V-Mart Retail among others.
Experts feel that investors sitting on cash should buy into markets in a scattered manner instead of making a lump sum payment.
Kotak Securities recommended accumulate rating on VIP Industries with a target price of Rs 570 in its research report dated 06 Aug 2018.
VIP Industries has reported a consolidated total income from operations of Rs 517.81 crore and a net profit of Rs 63.35 crore for the quarter ended Jun-2018
Although the medium to long-term outlook is extremely positive and the companies do not really see a problem in growing their revenue, investors got to keep in mind the pressure to near-term earnings especially in the context of the valuation.
"Improved return ratios and steady and rich dividend payouts should provide valuation comfort. Currently, we have a buy rating on stock," says Sumit Bilgaiyan of Equity99.
"Nifty is heading towards 10430-10480 levels i.e. 100 and 50 SMA respectively. It might face minor hurdle around 10375 zones," says Rajesh Agarwal of AUM Capital.
Mitessh Thakkar of miteshthacker.com recommends buying Jain Irrigation with a stop loss of Rs 110 and target of Rs 120 and advises selling Lupin around Rs 805-810 with stop loss of Rs 822 and target of Rs 775.
The company reported extremely encouraging quarterly numbers with expansion in gross margin (benefitting mainly from rupee appreciation), pick up in volume that also supported a surge in operating margin leading to 68.5% growth in after-tax profit.
The company had posted a net profit of Rs 15.96 crore during the same period of the previous fiscal, VIP Industries said in a regulatory filing.