New Delhi, Sept. 12 -- Luggage stocks such as VIP Industries and Safari Industries, which have recently recovered from their recent lows, are likely to continue the momentum in the coming months, as rising domestic and international travel demand and a shift to branded products will enable these companies to see robust volume and value growth, according to analysts.

Motilal Oswal, in its latest report, has initiated coverage on both VIP Industries and Safari Industries with a 'Buy' rating, setting target prices of Rs.530 and Rs.2,700, respectively. The brokerage believes both companies command strong market positions across the mass and mid-premium segments and are well-positioned to benefit from rising demand for luggage products.

Whil...