Motilal Oswal believes demand is likely to recover with the onset of the holiday and wedding season, and has maintained a 'Buy' rating on VIP Industries & Safari Industries, citing a positive outlook
Elara Capital values the VIP Industries stock at 26x FY28E EV/Ebitda and has maintained its target price at ₹430
The brokerage preference remains hotels over aviation and luggage within the travel and related consumption basket, reflecting stronger earnings visibility in hotels