This Stock Has Many 'Buy' Recommendations Even During Covid 19
Even as the stock is from the space that gains traction when the travel industry witnesses voluminous growth and the FY21 EPS for the stock has been cut by 50%, several of the brokerages have given a buy call on this luggage maker? Any guesses now! Yes we are talking about VIP Industries.
Even ace investor Rakesh Jhunjhunwala has upped his stake in the counter in the March ended quarter.
Here is why the counter is a buy despite the current uncertain fate of the travel industry which slowly is seeing essential travel:
Company's plans in the wake of Covid 19:
Going forward amid such chaos, the company is considering cutting cost on rentals in malls and also cut its ad spend.