Introduction

V.I.P. Industries Ltd. engages in the manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-strolleys, suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags.

Observation

• ROCE -8.48 %
• ROC -5.25 %
• Debt to equity - 1.29
• PE - 13,460
• Promoter Holding 52%
  
• Public holding 27%

• Month chart
• HH,HL

News of the day

1. Mahindra & Mahindra (M&M) after the company reported 1.76 lakh bookings for the Thar ROXX in just 60 minutes, marking the highest first-day bookings for any model in the company's history.In the previous session, M&M's shares closed nearly 1 percent lower at Rs 3,137. The stock has delivered a stellar performance on a year-to-date (YTD) basis, surging by 84 percent. In comparison, the Nifty 50 gained only 16 percent during the same period.Investec reiterated its 'Buy' rating with a target price of Rs 3,220, noting that the launch strengthens M&M's SUV franchise. The brokerage highlighted that the Thar ROXX surpassed all previous booking milestones, with 176,000 units reserved within the first hour. It also emphasised M&M's attractive valuation, trading at 28x FY26E EPS. The brokerage expects M&M's EBITDA and ROE to grow at a CAGR of 20 percent and 22 percent over FY24-26.

2. Indian lender HDFC Bank's gross advances and deposits both rose in the second quarter, it said on Friday.The country's biggest private bank said gross advances, or loans sanctioned and disbursed, rose 1.3% sequentially to 25.19 billion rupees ($300 million) in the quarter ended Sept. 30 following a 0.8% decline in the previous quarter.

3. Natural gas trader GAIL (India), on Thursday, inaugurated a new compressed biogas (CBG) plant at Ranchi in Jharkhand, India, set up with a total investment of 260 million Indian rupees, according to a filing to the stock exchanges the same day. The purpose of the CBG plant facility is to turn the organic portion of municipal solid waste (MSW) into CBG. It can process 150 TPD of feedstock and produce 5 TPD of CBG.

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Fri Oct 4, 2024