Stake purchase by equity funds strengthens VIP Industries

31 Mar 2014

VIP Industries is currently trading at Rs. 105.25, up by 6.05 points or 6.10 % from its previous closing of Rs. 99.20 on the BSE.

The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 109.30 and Rs. 99.05 respectively. So far 2033649 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 103.60 on 28-Mar-2014 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. 103.60 and Rs. 76.15 respectively. The current market cap of the company is Rs. 1495.14 crore.

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

Manulife Global Fund Asian Small Cap Equity Fund has bought 10 lakh shares of VIP Industries through open market route. The shares were purchased on an average price of Rs 98.05 valuing the transaction to Rs 9.80 crore.

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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435.00 -4.85 (-1.10%) Nov 14, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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