Ventura initiates coverage on VIP Industries, sees upside scope of 35%
Thu, May 2, 2024 6:42 PM

Ventura initiates coverage on VIP Industries, sees upside scope of 35%

A Flip by Riya Sharma
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Ventura Securities has initiated coverage on VIP Industries with a Buy rating and has recommended a price target of Rs 741 with a 24-month view. The target price signals an upside potential of nearly 35% from the current market price of Rs 551.“Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore.

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