VIP Industries stock can rally up to 18% from here, technical charts show

Shares of VIP Industries have under-performed its benchmark NSE 250, with a fall of nearly 29 per cent as against a rally of 67 per cent in the last 18 months.

VIP Industries stock has been a stark underperformer among the SmallCap stocks over the last one-and-half year. It is down nearly 29 per cent since October 2022, and 11.3 per cent so far this calendar year. In comparison, its benchmark NSE SmallCap 250 index has rallied 61.8 per cent in the last 18 months, and is up 8 per cent so far in 2024.

VIP Industries stock's underperformance has been mainly because of increased freight, accelerated investments in e-commerce channels, marketplace activation and professional fees for accelerating e-commerce growth.

For the quarter ended December 2023, VIP Industries reported a subdued