VIP Industries interim dividend: Just a day before the record date for the payment of interim dividend, the stock of VIP Industries opened today with an upside gap of Rs 7.50 per share and after that it saw a steady rise and in the intraday with a rise of 6 per cent. 625 was seen going up to Rs. Stock market experts say that the chart pattern of VIP Industries is looking very positive and in the short term this stock can go up to Rs 670.
What is the opinion of experts on VIP Industries
Mudit Goyal of SMC Global Securities says that positional investors should invest in this stock. VIP Industries has formed a triangle pattern on the daily chart, which is an indication that there may be a bullish trend in the short term. Mudit Goyal says that one should buy this stock at current price for near term target of Rs 670 with stop loss of Rs 570.
Rohit Singre of Bonanza Portfolio says that those who have this stock should stay in it for medium to long term. Strong support is seen in this stock at Rs 580. As long as the stock remains above this level. Till then it remains bullish and may see us touching its life time high of ₹696. Once this stock touches the level of Rs 700 and gives a breakout above it and the volume is also good, then this stock can be seen for us to go up to Rs 850 in the medium to long term.
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Know when is the record date
Significantly, VIP Industries has told the exchange that in the board meeting of the company held on March 1, 2022, it has been told that it has announced payment of interim dividend of Rs 2.50 per share for the financial year 2022-23. The record date for this dividend payment is March 9, 2022.
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