Buy VIP Industries; target 800: Avinash Gorakshekar

Avinash Gorakshekar, VP Research, Edelweiss Financial Advisors in an interview with ET Now talks about VIP Industries.

What is the call on VIP Industries?

VIP Industries, has been beaten down but over the past 4 quarters, company has been showing very good numbers. In fact the first quarter of this financial year typically is a very good quarter considering the holiday season. So here also as a house, we continue to be positive on VIP's prospects. We have a target price of around odd Rs 800.

So selectively we have been telling people to nimble into the stocks, not that we are completely averse to buying as of currently in the current market but my guess is probably one would like to go and do a stock picking approach rather than taking a broad sector approach at this point of time.