VIP Industries gains on turning black in Q2

29 Oct 2013

VIP Industries is currently trading at Rs 58.45, up by 0.85 points or 1.48% from its previous closing of Rs 57.60 on the BSE.

The scrip opened at Rs 59.00 and has touched a high and low of Rs 59.65 and Rs 57.80 respectively. So far 343510 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 89.80 on 07-Dec-2012 and a 52 week low of Rs 38.85 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs 60.50 and Rs 56.00 respectively. The current market cap of the company is Rs 823.88 crore.

The promoters holding in the company stood at 52.09% while Institutions and Non-Institutions held 7.16% and 40.75% respectively.

VIP Industries has reported results for the second quarter ended September 30, 2013.

The company has reported a net profit at Rs 4.30 crore for the quarter as compared to a net loss of Rs 1.80 crore for the same quarter in the previous year. Total income of the company has increased by 28.18% at Rs 198.30 crore for quarter under review as compared to Rs 154.70 crore for the quarter ended September 30, 2012.

VIP Industries is engaged in manufacturing of moulded luggage (from high-density polyethylene), soft luggage (from nylon, polyester, jupolene, printed polyester) and ABS luggage (from acrylonitrile butadiene styrene plastic) including briefcases, suitcases, handbags, carry bags and vanity cases.

Related VIP Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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