V.I.P.INDUSTRIES

                             L.T.P 97.95

VIP.INDUSTRIES

                                  BUY & HOLD  FOR  LONG TERM.

Dilip Piramal, Chairman,  VIP Industries  said the company is well positioned against key competitors, and a10 percent growth in the remaining quarters would put the company in a strong position. VIP Industries reported a 16.52 percent increase in its standalone net profit at Rs 26.8 crore in the first quarter ended June 30, 2014. The company has been able to maintain 50 percent market share in the luggage category, said D.Piramal in an interview .

Margin growth too has shown sustained improvement, which is an encouraging sign for the 

business going forward, he added.

The company is looking at strategic re-jig for its handbag business

Moreover, he is satisfied with the ramp-up of the Bangladesh facility.

Stock is currently trading @ Rs. 97.95

BSE : 507880                      NSE : VIPIND

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