Technical analyst D Prasad has maintained 'buy' rating on VIP Industries Limited stock with a short term target of Rs 672.

According to analyst, the investors can purchase the stock with a stop loss of Rs 589.

Mr. Prasad said that the stock can attain the said target within a period of 15-20 trading sessions.

The stock of the company, on January 25, closed at Rs 606.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 801.40 and a low of Rs 180 on BSE.

Current EPS & P/E ratio stood at 24.98 and 24.62 respectively.

VIP Industries Ltd has declared that a meeting of its company's directors will take place today (January 27, 2011), inter alia, to consider and sanction the Un-audited Financial Results, with limited review by company's auditors, for the quarter and nine month period ended December 2010.

In addition, the company's board will also consider, announce and disburse Interim Dividend on the equity shares for the Fiscal Year 2010-2011.

The Rs 15 billion ladies handbag market will witness some big action in 2011, with luggage manufactures V. I. P and Samsonite pondering entry shortly.

Dilip Piramal, chairman of V. I. P Industries, stated that the company was placing a biz proposal in position for an entry into the market by the next six months from this time.

The company's chief operating officer, Subrata Dutta said, "We are launching a casual bag range for both men and women next month. This will include a collection of ladies handbags as well."