!!! 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.