VIP Industries rose 1.65% to Rs 58.55 at 10:05 IST on BSE after the company reported a net profit of Rs 4.30 crore in Q2 September 2013 compared with a net loss of Rs 1.80 crore in Q2 September 2012.
The result was announced after market hours on Monday, 28 October 2013.
Meanwhile, the BSE Sensex was down 18.48 points, or 0.09%, to 20,551.80.
On BSE, 2.03 lakh shares were traded in the counter compared with average volume of 1.84 lakh shares in the past one quarter.
The stock hit a high of Rs 59.65 and a low of Rs 58 so far during the day. The stock hit a 52-week high of Rs 89.80 on 7 December 2012. The stock hit a 52-week low of Rs 38.85 on 6 August 2013.
The stock had outperformed the market over the past one month till 28 October 2013, rising 10.56% compared with the Sensex's 4.27% rise. The scrip had also outperformed the market in past one quarter, rising 20.63% as against Sensex's 4.16% rise.
The small-cap company has an equity capital of Rs 28.26 crore. Face value per share is Rs 2.
Net sales rose 28.2% to Rs 197.20 crore in Q2 September 2013 over Q2 September 2012.
VIP Industries is Asia's No. 1 luggage manufacturer. Its four factories produce nearly five million pieces a year, making it the second largest producer of luggage in the world.
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