Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival

Analysts expect that the travel sector is poised for a resurgence on the back of demand revival and increase in consumers confidence.

Shares of luggage companies were in focus as they surged up to 7 per cent on the BSE in Monday’s intra-day trade on hopes of upbeat demand post resurgence in travel sector.

Safari Industries hit a record high of Rs 1,110, as the stock rallied 7 per cent on the BSE in intra-day trade. Meanwhile, VIP Industries gained 5 per cent to Rs 666.70. Earlier, the stock had hit a 52-week high of Rs 774.50 on March 31, 2022. In comparison, the S&P BSE Sensex was up 0.72 per cent at 54,207 points at 10:14 am.

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