VIP Industries hits record high on heavy volumes

Thus far in August, the stock outperformed the market by surging 26%, against 3% decline in Sensex.

VIP Industries has rallied 11% to Rs 217, also its record high on BSE in intra-day trade, on back of an over 10-fold jump in trading volumes.

Till 11:13 am; a combined 1.54 million equity shares representing 1% of total equity of VIP Industries changed hands on the BSE and NSE.

Thus far in August, the stock outperformed the market by surging 26%, as compared to 3% decline in the S&P BSE Sensex.

VIP Industries had reported 30% year on year (YoY) growth in its consolidated net profit at Rs 40.98 crore, and significantly better than expected