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    Weekly Tactical: This luggage stock can take off post a significant correction

    A surge in discretionary travel, wedding spends, and increased mobility post pandemic are structurally positive for luggage demand

    Moneycontrol Research
    March 24, 2023 / 09:53 AM IST
    Weekly Tactical: This luggage stock can take off post a significant correction

    VIP has been fast coming out of the adverse impact of the pandemic and showing good traction in revenue (Representative Image/AP)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Travel is on the upswing and luggage companies are reporting interesting numbers. However, the leading organised luggage manufacturer — VIP Industries (CMP: Rs 576, Nifty level: 17077) — has corrected over 20 percent in the past two months against a 4.5 percent decline in the Nifty index. We see a tactical opportunity in VIP and the reasons are not hard to find. VIP has been fast coming out of the adverse impact of the pandemic and showing good traction in...

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