RESEARCH REPORT
Title: Relationship between NIFTY and VIP Industries Limited
Author: Mr Rahul Varpe
INTRODUCTION: VIP Industries Limited is a leading luggage and travel accessories company based in India, recognized for its commitment to innovation, quality, and style. Established in 1971, the company has emerged as a pioneer in the travel and luggage industry, catering to diverse consumer needs. VIP Industries boasts a diverse product portfolio that includes a wide range of luggage, backpacks, duffel bags, and travel accessories.
The brand is synonymous with durability and contemporary design, offering products that blend functionality with fashion. With a global presence and a strong market reputation, VIP Industries has consistently adapted to evolving consumer preferences, introducing cutting-edge designs and advanced technologies in its products. The company’s commitment to sustainable practices and ethical business standards further underscores its leadership in the industry. VIP Industries continues to redefine the travel experience, providing customers with reliable and stylish solutions for their journey.
OBJECTIVE: Find out Beta and Its significance.
VIWES AND REVIEWS: In the June quarter, VIP Industries experienced a rollercoaster ride, witnessing fluctuations in its financial performance, prompting brokerage firms to revise down their target prices for the luggage manufacturer’s stock. With renowned brands like Carlton, Skybags, Aristocrat, Caprese, and Alfa under its umbrella, VIP Industries holds the position of the second-largest global player and the largest in Asia, commanding an impressive 50 percent market share in the Indian luggage market, surpassing competitors such as Samsonite and Safari.
Hemant Contractor: Cautious on VIP Industries Limited due to the slowdown in rural demand and the premium valuation compared to its peers. He believes investors should wait for a correction before entering the stock. (Source: Mint, December 22, 2023)
DATA COLLECTION: This report explores VIP Industries Limited weekly performance on the Nifty 50 using Innova table to visualize key statistics, including R Square, F, p value. Analysing these elements reveals insights into the stock’s price distribution, stability, volatility, and potential trends compared to the broader market. The findings will inform investment decisions, risk assessments, and potential future outlooks.
DATA ANALYSIS: Regression equation= 20.84+ 0.0905(close of Nifty 50) where N = 50, R Square = 0.274, f = 18.19, p value = 2.98, these all value get from Innova table.
Conclusion: if beta value is more than 1 than it is good for short term investment, if beta value is less than 1 than it is good for long term investment.
REFERENCE: APA System