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VIP Industries hits two-month high; stock climbs 30% in one month

The stock was up 5.5% at Rs 514 on Tuesday, extending its 6% rally on BSE in the previous session, on the expectation of strong demand outlook.

VIP Industries, which was set up in 1971, has four factories that together produce nearly five million pieces annually
VIP Industries, which was set up in 1971, has four factories that together produce nearly five million pieces annually

Shares of VIP Industries hit a two-month high of Rs 514 apiece, up 5.5% on Tuesday, extending its 6% rally on  BSE in the previous session, on the expectation of strong demand outlook. The stock was trading at its highest level since September 29. It has outperformed the market by surging 30% in the last one month, as compared to a 6% rise in the S&P BSE Sensex. VIP Industries had reported a strong 30% year-on-year (YoY) growth in its consolidated revenue at Rs 4.02 billion, aided by healthy 35% YoY domestic volume growth. The consolidated net profit grew 35% at ...