VIP Clothing gallops after turnaround in Q4

VIP Clothing jumped 15.91% to Rs 62.65 at 14:21 IST on BSE after the company reported net profit of Rs 1.11 crore in Q4 March 2017 as compared with net loss of Rs 7.53 crore in Q4 March 2016.

The result was announced after market hours yesterday, 11 May 2017.

Meanwhile, the S&P BSE Sensex was down 71.43 points, or 0.24% to 30,179.55. The S&P BSE Small-Cap index was down 107.27 points, or 0.69% to 15,546.13.

On BSE, so far 13.62 lakh shares were traded in the counter as against an average daily volume of 30,556 shares in the past one quarter. The stock hit a high of Rs 64 and a low of Rs 57.50 so far during the day. The stock had hit a 52-week low of Rs 42.25 on 22 November 2016. The stock had hit a 52-week high of Rs 74.25 on 2 August 2016.

The stock had underperformed the market over the past one month till 11 May 2017, falling 2.08% compared with 2.05% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 2.79% as against Sensex's 6.76% rise.

The small-cap company has an equity capital of Rs 13.22 crore. Face value per share is Rs 2.

VIP Clothing's total income rose 53.55% to Rs 59.44 crore in Q4 March 2017 over Q4 March 2016.

VIP Clothing (formerly Maxwell Industries) is engaged in manufacturing and marketing of innerwear. The company's brands include VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all of their sub brands.

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