{"id":111084,"date":"2023-10-03T17:55:00","date_gmt":"2023-10-03T12:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111084"},"modified":"2023-10-03T16:54:49","modified_gmt":"2023-10-03T11:24:49","slug":"small-cap-stock-in-green-after-promoters-likely-to-offload-their-stake-from-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-in-green-after-promoters-likely-to-offload-their-stake-from-the-company\/","title":{"rendered":"Small cap stock in green after promoters likely to offload their stake\u00a0from the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1364429967\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small-cap company that offers its products and services in the household and personal products sector was up by 2 percent after the news came out that its promoters have plans of offloading their stake in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1540783436\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:45 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VIPIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">VIP Industries<\/a><\/strong> were trading at Rs. 670 up by 2 percent from its previous day close price and the company\u2019s market capitalization is 9,480 Cr.\u00a0<\/p><p>As per the reports, the promoters of VIP Industries are considering selling their stake in the company. The Dilip Piramal-led promoter group holds around 51% of VIP Industries, the owner of luggage brands such as VIP, Carlton and Skybags. The market value of VIP Industries is around \u20b9 9,480 crore, valuing the promoters\u2019 stake at about \u20b94,834 crore.\u00a0<\/p><p>The deal, including a potential open offer, could be worth as much as $1 billion and see the promoters completely exit the business. The promoters have hired the investment banking team of InCred Capital to manage the sale. The report further added that private equity firms are most likely to be interested in the asset as VIP Industries is larger than Indian peers except Safari Industries.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3878935639\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 61.48 percent from 1,289.51 Cr in FY22 to 2082.32 Cr in FY23, accompanied by increasing profits of 66.93 Cr to 152.34 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 25.85 percent and return on capital employed (ROCE) of 30.29 percent, this indicates that the company is getting good returns on its equity and making efficient utilisation of the company\u2019s resources.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 51.29 percent stake, the Domestic Institutional Investors hold 20.82 percent and the Foreign Institutional Investors (FII) hold 8.95 percent.&nbsp;<\/p><p>VIP Industries is India&#8217;s largest luggage manufacturing company which manufactures luggage and travel accessories, catering to the household and personal products segment.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2124094807\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small-cap company that offers its products and services in the household and personal products sector was up by 2 percent after the news came out that its promoters have plans of offloading their stake in the company.&nbsp; At 2:45 p.m the shares of VIP Industries were trading at Rs. 670 up by 2 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12726,12727,12725],"class_list":["post-111084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-vip-industries-latest-news","tag-vip-industries-promoters-stake-sale","tag-vip-industries-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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