Espresso shot of the day – VIP Industries Ltd up by 19.99 percent

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Espresso shot of the day – VIP Industries Ltd up by 19.99 percent

August 12, 2021
Espresso shot of the day – VIP Industries Ltd up by 19.99 percent

VIP INDUSTRIES LTD 463.30 (+19.99%) BSE – INE054A01027 | 12TH AUGUST 2021

For over 50+ years, VIP has revolutionized the luggage and travel categories with continuous product innovations, adherence to quality and international aesthetics. Along the way, VIP has evolved from being a Travel Gear company to a Travel Wear pioneer. At the helm of this journey has been Mr. Dilip G. Piramal, Chairman, and Ms. Radhika Piramal, Executive Vice Chairperson. Under their able leadership, VIP has grown from strength to strength. From a household name in India to becoming a category leader in Asia and now the second largest luggage-maker in the world. The secret of VIP’s success is constant innovation in tune with the changing design trends and consumer needs. Today their universe, apart from VIP, includes stellar brands like Carlton, Skybags, Aristocrat, Alfa and Caprese. It is no surprise that VIP is a consumer favorite and an undisputed leader in the Luggage category. Their manufacturing and distribution capabilities distinguish them. With cutting-edge facilities, VIP’s manufacturing plants, 2 in India and 7 in Bangladesh, are fully equipped to produce the most modern luggage. They operate from 20 sales offices around the country and 1 international office. Their strong distribution network gives easy access to VIP luggage anywhere in India via 11,000 points of sale across exclusive stores, multi-brand stores, large format retail, defense canteens and e-Commerce. By exporting to more than 60 countries, VIP has established its global status. Behind VIP’s dominance is their talented workforce. Inspired by VIP’s values of youthfulness, meritocracy, entrepreneurship & innovation and core tenets of open communication, transparency and agility, their people are always in pursuit of taking VIP to new heights – a commitment naturally born out of a work environment that nurtures sincerity, dynamism, acceptance of cultures and pride of work. Truly, the VIP workplace culture is the engine that drives its global success.

Recent Drivers

  • On Aug 12, 2021, Dilip Piramal, Chairman of VIP Industries, said, “E-commerce has opened up and has been very large. It has become our largest segment at the moment.”
  • On Aug 11, 2021, net profit of VIP Industries rose 104.93% to Rs 2.53 crores in the quarter ended June 2021 as against net loss of Rs 51.32 crores during the previous quarter ended June 2020.
  • On Aug 11, 2021, sales of VIP Industries rose 411.31% to Rs 206.21 crores in the quarter ended June 2021 as against Rs 40.33 crores during the previous quarter ended June 2020.
  • On Aug 10, 2021, the company confirmed that the record date is fixed for the purpose of payment of interest on non-convertible debentures. Payment of Annual Interest will take place on Sept 7, 2021.
(Sources: Moneycontrol, BSEIndia, Business Standard, CNBC TV 18)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.7%
  • Traded on new 52-week-high value: 463.30
  • Touched upper circuit of Rs 463.30
  • 3 months avg. volume of NSE: 7,78,363
  • Quantity traded: 7,88,472 | Deliverable quantity: 2,72,200 (34.52%)
  • Stock price has jumped more than 70% from one-year low level: 258.25 (Aug 12, 2020)
  • Daily RSI (14) is near OverBought territory today
  • 52-week-high: 463.30 | 52-week-low: 258.25

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

859

689.45

527.05

357.50

195.10

25.55

-

-

Fibonacci Pivot

689.45

562.65

484.30

433.85

357.50

281.15

230.70

152.35

25.55


Today’s Close

463.30

SMA

BSE

10 DAY

411.12

20 DAY

408.80

50 DAY

400.51

200 DAY

362.96


Some Key Ratios (Source: BSE)

Market Cap: 6,547.23 crores

PE: -166.26

OPM%: 13.34

ROE%: -8.41

Promoters holding%: 53.46

Prev. Close: 386.1

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.