{"id":49936,"date":"2022-06-23T18:42:00","date_gmt":"2022-06-23T13:12:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=49936"},"modified":"2022-06-23T18:40:33","modified_gmt":"2022-06-23T13:10:33","slug":"this-ex-rakesh-jhunjhunwala-stock-is-up-20-in-the-last-10-trading-sessions","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-ex-rakesh-jhunjhunwala-stock-is-up-20-in-the-last-10-trading-sessions\/","title":{"rendered":"This Ex-Rakesh Jhunjhunwala stock is up 20% in the last 10 trading sessions"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-765044539\"><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>The shares of luggage-maker VIP Industries Limited which owns famous brands such as Skybags, Carlton, and Caprese have climbed almost 20% in the previous 10 trading sessions. As of 12:30 IST, the stock was trading at \u20b9 619.45 per share, up 19.95% from the price of \u20b9 516.56 it registered at 10 AM on 13 June, the previous Monday morning.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4003037444\"><!-- 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>Ace-billionaire investor Rakesh Jhunjhunwala has been continuously reducing his stake in the company since last year. The travel and tour industry took a strong hit with the onset of the Covid-19 pandemic. Thereby affecting the luggage make directly as the demand for its travel and business bags declined sharply.&nbsp;<\/p><p>Net sales of the company grew by 46.5% to \u20b9 355.90 crores for the March quarter ended 2022 from \u20b9 243 reported for the same period last year. Supported by increased revenue, the company could report a consolidated net profit of \u20b9 12.39 crore for the quarter. In the previous financial year, it registered a net loss of \u20b9 2.78 crores for the fourth quarter.<\/p><p>Employee benefit expenses surged 44.63% while the cost of goods consumed climbed 96.48% during the quarter signalling demand revival.<\/p><div class=\"trade-content_5\" id=\"trade-2356829355\"><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>For the complete fiscal year, the company recorded a 168.7% growth in net profit to \u20b9 66.93 crores backed by a 108.5% recovery in net sales to \u20b9 1,289.51 crores over the 2021 financial year.\u00a0<\/p><p>ICICI Direct has given a one-year price target of \u20b9 770 for the stock, signalling an upside of 24%. The brokerage expects a net-debt-free balance sheet to assist the company in effectively dealing with the tough business environment. The estimated FY23 demand is anticipated to touch pre-Covid levels.\u00a0<\/p><p>The company increased the share of in-house manufacturing from India and Bangladesh in the aftermath of the coronavirus-induced pandemic. Earlier, the company was majorly dependent on China for production. This will result in improved margins in the future.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-882543989\"><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>The shares of luggage-maker VIP Industries Limited which owns famous brands such as Skybags, Carlton, and Caprese have climbed almost 20% in the previous 10 trading sessions. As of 12:30 IST, the stock was trading at \u20b9 619.45 per share, up 19.95% from the price of \u20b9 516.56 it registered at 10 AM on 13 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22479,"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":[1513,31],"tags":[3814,465,654,467,3815,3216,3809,2573,936,3153,4178,3157,3158,2597],"class_list":["post-49936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-rakesh-jhujhunwala-stocks","tag-rakesh-jhunjhunwala","tag-rakesh-jhunjhunwala-latest-news","tag-rakesh-jhunjhunwala-portfolio","tag-rakesh-jhunjhunwala-portfolio-stocks","tag-rakesh-jhunjhunwala-stock","tag-rakesh-jhunjhunwala-stocks","tag-stock-market-crash","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This Ex-Rakesh Jhunjhunwala stock is up 20% in the last 10 trading sessions - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/this-ex-rakesh-jhunjhunwala-stock-is-up-20-in-the-last-10-trading-sessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Ex-Rakesh Jhunjhunwala stock is up 20% in the last 10 trading sessions\" \/>\n<meta property=\"og:description\" content=\"The shares of luggage-maker VIP Industries Limited which owns famous brands such as Skybags, Carlton, and Caprese have climbed almost 20% in the previous 10 trading sessions. 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