VIP Industries Limited is in a rising trend channel with a medium to long term perspective. This signals increasing optimism among investors and indicates continued rise. We see that stock has support at 420 level and resistance at 500 level. One can be long in the stock with a stop loss as 420 level. We see stock touching 500,550 and higher levels. As a disclosure our short term holding stock tips clients are long in the stock.
It is worthwhile to mention here that Rakesh Jhunjhunwala has actually increased his holding in India's largest luggage maker, VIP Industries. The ace investor who has held VIP shares since 2015 had not made no buying or selling moves since June, 2016. Hence, this would be first time in less than three years, where Jhunjhunwala has increased his holding in VIP indicating his faith in the stock which means that VIP industries is a stock worth adding to the portfolio. However, remember that Rakesh Jhunjhunwala investment ideology and his time horizon may not suit you and thus investment solely on the basis of the fact that Rakesh Jhunjhunwala has invested in it may not be always right for you.
It is worthwhile to mention here that Rakesh Jhunjhunwala has actually increased his holding in India's largest luggage maker, VIP Industries. The ace investor who has held VIP shares since 2015 had not made no buying or selling moves since June, 2016. Hence, this would be first time in less than three years, where Jhunjhunwala has increased his holding in VIP indicating his faith in the stock which means that VIP industries is a stock worth adding to the portfolio. However, remember that Rakesh Jhunjhunwala investment ideology and his time horizon may not suit you and thus investment solely on the basis of the fact that Rakesh Jhunjhunwala has invested in it may not be always right for you.
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