Book Profits in VIP Industries. Target of 320 was hit yesterday. Add on dips towards 250-260.
We have recommended VIP Industries at 190. Stock has rallied towards our 2nd target of 320. Stock is technically overbought stock can dip towards 285 and further towards 250-260 on market weakness.
results were good YoY, but on QoQ we expect a short term correction.
We have a target of 420 in 12 to 18 months. It is really good to add stock on dips towards 250-260 if any.
Stock has not shown any technical weakness on the upside. If the stock struggles to close above 320, we recommend to book profits.