!!! Best Delivery Buy !!! V.I.P. Industries : Rs 228 !!!
( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 15th Feb 2010
Notables Observes :
- VIP Industries was incorporated in Jan.’68. The company manufactures moulded luggage (from high-density polyethylene), soft luggage (from nylon, polyester, jupolene, printed polyester) and ABS luggage (from acrylonitrile butadiene styrene plastic) including briefcases, suitcases, handbags, carry bags and vanity cases.
- The company has modernised plants located at Nasik, Jalgaon and Sinnar. It has a technical collaboration with Tooling Products (Langrish), UK, to set up a state-of-the-art toolroom to manufacture plastic injection moulds and press tools.
Share Holding Pattern :
- Promoter : 43.44 %
- Public : 56.56 %
Financial Highlights :
- The Company has posted a net profit after tax of Rs 16.00 Crore for the year Quarter Dec 31, 2009 as compared to Rs 1.09 Crore for the Quarter ended Dec 31, 2008.
- Total Income has increased from Rs 127.22 Crore for the Quarter ended Dec 31, 2008 to Rs 167.20 Crore for the year ended Dec 31, 2009.
Technical Overview :
The stock On Daily & weeky Chart has given a Consolidation “Flag Pattern” upbreakout,with huge volumes indicating the trend continuation and beginning of fresh upmove. The stock is recomended to buy at cmp Rs 228
Support Levels :
- Support 2 : 202
- Support 3 : 172
Stop Loss : 155 on closing basis.
Targets :
- Target 1: 249
- Target 2 : 305
- Target 3 : 335
- Target 4 : 368
Period : 6 to 9 months.
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