VIP Industries spurts on reporting three fold jump in Q3 net profit

30 Jan 2014

VIP Industries is currently trading at Rs. 60.00, up by 1.30 points or 2.21% from its previous closing of Rs. 58.70 on the BSE.

The scrip opened at Rs. 60.15 and has touched a high and low of Rs. 61.45 and Rs. 59.30 respectively. So far 182635 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 82.80 on 07-Feb-2013 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. 63.15 and Rs. 56.10 respectively. The current market cap of the company is Rs. 842.25 crore.

The promoters holding in the company stood at 52.43% while Institutions and Non-Institutions held 6.82% and 40.75% respectively.

VIP Industries has reported results for third quarter ended December 31, 2013.

The company has reported around three fold jump in its net profit at Rs 10.10 crore for the quarter as compared to Rs 3.50 crore for the same quarter in the previous year. Total income from operations of the company has increased by 15.34% at Rs 236.10 crore for quarter under review as compared to Rs 204.70 crore for the quarter ended December 31, 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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