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VIP INDUSTRIES RESULTS
Critical Stage: India's concert boom has a venue problemIndia's booming live entertainment scene, evidenced by massive ticket sales for global and local artists, faces a critical hurdle: a severe...- Margin improvement will start from H2; holding on to guidance of 15% for FY25: VIP Industries MDNeetu Kashiramka, MD of VIP Industries, anticipates a margin increase to 18% next year, emphasizing strategies for FY25 and the implication...
- Ventura initiates coverage on VIP Industries, sees upside scope of 35%“Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore/Rs 581...
- US firm to launch space tourism services in India next month, to offer zero gravity, ISS visitsThe company plans to provide activities such as space balloons, zero-gravity flights, and trips to the International Space Station. SpaceVI...
- ETPWLA 2023: Announcing the nominees for the Finance Leader of the Year AwardAs the grand finale of the ETPrime Women Leadership Awards (ETPWLA) 2023 draws near, the Economic Times is excited to unveil the exceptiona...
- Corporate Radar: Stock split, dividends, AGMs, Q4 results & moreBharat Forge, GSK Pharmaceuticals, Century Plyboards, VIP Industries, MCX, Raymond, Ami Organics, Dodla Dairy and Greenply Industries are a...
- A stock Jhunjhunwalas exited in Q1 sees rerating after smart turnaroundRakesh Jhunjhunwala held 3.69 per cent stake in the company in the December quarter but cut his stake below 1 per cent in the March quarter.
- Jhunjhunwala cut some luggage just in time before a bad patchKotak said given the ongoing Covid second wave, the probability of the third wave in the second half of the calendar, and pessimism about r...
- Jhunjhunwala cut stake in this firm in Q4. Results scheduled for todayCovid-hit states such as Karnataka, Maharashtra, Gujarat and NCR are more than 30 per cent of VIP's sales. Besides, raw material cost has r...
- In Q3, VIP Industries sales doubled over Q2: Dilip PiramalThough the company made losses of over Rs 100 crore in nine months, the cash flow has been pretty good and balanced.
- This Jhunjhunwala favourite takes a big Covid hit, may lose half its salesPandemic dents luggage firm VIP Industries’ March quarter sales by Rs 120 crore.
- Jhunjhunwala Q4 pick: A play on tourism, this stock has many ‘buy’ ratings even in times of coronavirusAnalysts have already cut FY21 EPS estimates for the stock by up to 50 per cent.
- Board Meetings Today: IRCTC, Hindalco, Ashok Leyland, Info Edge and VIP IndustriesIt makes sense to have a look at the corporate agendas for the day’s as announced to the stock exchanges.
- Government decides to withdraw NSG from VIP security dutiesThis will be after over two decades that the 'black cat' commandos of the elite counter-terror force will be taken out from VIP protection ...
- Continue to prefer mid-cap banks: Mayuresh Joshi, Angel BrokingFrom the mid-cap space, VIP Industries is something the Angel Broking fund manager likes.
- Investors lap up VIP on rupee surge, earnings growthThe appreciating trend in the rupee against major currencies also augurs well for VIP's luggage segment.
- VIP Industries' market share rising despite stiff competition: Dilip Piramal, Chairman"It has been a very satisfying quarter. All our major five luggage brands and one hand bags brand, all our major channels of trade, have pe...
- VIP Industries: Rupee depreciation adds to woesThe company has seen its profits fall more than 50% in last three quarters, which has taken its share price to its yearly low.
- Heard on the street: Speculators crowd VIP counter on hopes of gains from oil slipShares of apparel and suitcase maker VIP Industries rose to a new high driven by hopes of improvement in margins
- Heard on the Street: Jhunjhunwala seen part-selling VIP stakeThe market buzz is that leading proprietary investor Rakesh Jhunjhunwala, who held a little under 6% of VIP’s equity, has offloaded a part ...
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