VIP will retest 750-800 on the upside: Ashwani Gujral
They correct, they become good buying opportunities and chances are that once the market improves, VIP will retest 750-800 on the upside.
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| In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about VIP Industries.
ET Now: What is the call on VIP Industries?
Ashwani Gujral: There are hundreds of luggage manufacturers. VIP is up because it is part of the consumption story and people will continue to buy luggage whether there is problem in Japan or not. At 540 odd levels, it was a clear buy. Each time things like Jubilant, VIP etc. they correct, they become good buying opportunities and chances are that once the market improves, VIP will retest 750-800 on the upside.
ET Now: What is the call on VIP Industries?
Ashwani Gujral: There are hundreds of luggage manufacturers. VIP is up because it is part of the consumption story and people will continue to buy luggage whether there is problem in Japan or not. At 540 odd levels, it was a clear buy. Each time things like Jubilant, VIP etc. they correct, they become good buying opportunities and chances are that once the market improves, VIP will retest 750-800 on the upside.
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