Buy - VIP Clothing on declines
Company Background :
VIP Clothing Limited, formerly Maxwell Industries Limited, is in the business of manufacturing and marketing of undergarment in the name of registered VIP Brand. It is engaged in manufacturing hosiery product. It is engaged in manufacturing, marketing and distribution of Men's, Women's inner wears and Socks under brand name Frenchie and Feelings. Feelings range offers fundamental, fancy and functional products that are designed for women.
VIP Feelings includes categories, such as Nursing Bra's and Sanitary Panties. VIP Leader range consists of Vest, Briefs and Trunks. Leader also offers products for the kids. The Company caters to the Middle East, the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. It caters to various brands, including Germany, the United Kingdom, Greece, Korea and the United States.
It has manufacturing plants located in Gujarat and Tamilnadu. Its Gujarat Manufacturing Plant has a potential of producing approximately 80,000 pieces (pcs) per day.
Stock Performance:
During the last 1 year the scrip has given following returns
1 year - 71.75%
9 Months - 60.99%
6 months - 29.09%
3 months - 54.84%
1 month - 46.62%
2 weeks -16.48
1 week - 12.73%
Recommendation :
Buy and add to your long-term portfolio. Do not plan to sell unless you have better investment options.
Raghav
Equity Analyst
Smart Investor
Equity Research
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