15/7/2024, 8:38:02 am

Investec bets on travel boom, initiates coverage on VIP, Safari with Buy

Investec has initiated coverage on the luggage industry, giving "Buy" recommendations for Safari Industries and VIP Industries. The target prices are Rs 2,800 and Rs 560, respectively, implying upside potential of 30% and 20%. The tourism and travel boom creates an attractive landscape for these firms, but a risk to watch is increased competition from D2C players.