The deal value of the stake sale agreement is at a 15 percent discount to Friday’s closing price
The structural demand story remains strong amid rising competitive intensity
Neetu Kashiramka, a seasoned chartered accountant with 26+ years' experience, joined VIP Industries on 7 April 2020. Former CFO at Greaves Cotton, she began her journey at Kewal Kiran & Jyothy Labs, becoming an executive director and CFO on 8 May 2023.
The Indian luggage sector, which in the past was dominated by non-branded players, has shifted markedly to the branded segment.
'The Sunday Times' and Bureau of Investigative Journalism conducted a sting operation to expose several Indian hackers offering their services to hack into private email accounts and messages of victims on behalf of investigators working for autocratic states, British lawyers and their wealthy clients.
VIP Industries has a strong balance sheet, and MC Pro expects a healthy earnings CAGR for the next few years. The valuation still seems to be at a discount to most other consumption categories. Does the stock offer good potential and is VIP a strong play to ride the sector tailwinds? Watch the video to find out
The long-term macro drivers seem to be in place for luggage companies despite temporary disruptions. The continued shift of consumer preference from unbranded to branded products, accelerated growth in air travel, wedding season-led buying, shortening replacement cycle and overall GDP growth are the long-term structural drivers for the luggage industry. And we believe, both VIP Industries and Safari remain excellent core discretionary consumption plays for the long-term. Here’s why.
Both VIP and Safari remain excellent core discretionary consumption plays for the long term
Ace investor Rakesh Jhunjhunwala has made some significant changes to his stocks portfolio. Watch this video to more about the churn in the Big Bull's holdings at the end of March 2021 quarter.
For investors with patience to wait, we are recommending some high quality companies that can tide themselves over the storm on the strength of their balance sheets and leadership position
The company plans to make 3 lakh to 5 lakh masks every month, with a focus on expanding its reach into tier 1 and tier 2 cities across India.
Investors should be selective with IT and Pharma. And, in the pharma space, William O'Neil India is more constructive on Divi’s Laboratories, Dr. Reddy, and Biocon which look good to us.
We expect earnings to grow at 39 percent CAGR over the next couple of years and the stock performance should mimic the same,
VIP Industries and Safari have risen by 72 percent and 50 percent, respectively in the past one year. However, given the secular theme, gains on account of shift from unorganised to organised, these companies are ideal for investors with a longer term investment horizon.
"In a historic decision, the Cabinet has decided that beacon lights will be removed from all vehicles, barring emergency services vehicles, from May 1," Road Transport and Highways Minister Nitin Gadkari said.
Demonetisation did not have any adverse impact on the company. Rather, it benefited from the shift to organized sector, said the company’s chairman Dilip G Piramal.
SP Tulsian of sptulsian.com, he explained why he felt the Nifty future will most likely touch 9,350 by the end of the March series. He also talked about key stocks like Bata, VIP and Apollo Tyres.
The company is focussing on two big categories, including Skybag backpacks, and ladies handbags under its brand - Caprese.
Changes in the GST standard rate won‘t have much of positive or negative impact on the business, says Ashish Mandaliya, CFO of Maxwell Industries in an interview to CNBC-TV18.
Basant Maheshwari, founder of The Equity Desk prefers Hawkins when compared to Prestige on the grounds that it is more focused on high return on equity or RoE. He believes Repco Home Finance will be the next multibagger.
According to reports, DGCA had asked private airlines to offer special privileges to MPs, including advance notice of flight delays, lounge access and complimentary refreshments.
After deciding to cut down her security detail by half, not moving to the designated chief minister's house and stopping at traffic lights, Vasundhara Raje now wants ministers and officials to go down the same route. District collectors, SPs and ministers have been directed accordingly at the Collectors and SPs conference in Jaipur.
CBI is probing alleged corruption to the tune of crores of rupees in sale of VIP or emergency quota tickets in the Railways and has sought records for the last two years, claiming that even signatures of MPs have been forged to confirm the tickets in some cases.
Wockhardt | Hindustan Unilever | Marico | Praj Industries | Everest Industries | Welspun India | KEC International | Justdial | Kolte-Patil | Motilal Oswal Financial | Bharat Electronics | Essar Oil | Pantaloon Retail | Colgate Palmolive | HOV Services and Coal India are stocks, which are in the news today.
Today, JBM Group has a turnover of USD 1.2 billion and a significant market share in the auto component space. Take a look at JBM story and you will know how to create your own path.