VIP shares up by 19.94 percent

By SiliconIndia   |   Wednesday, July 29, 2009   |    1 Comments
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Bangalore: VIP Industries (VIPIND) ended the day as one of the top gainers with a gain of Rs.10.55 (19.94 percent). The market of VIP ended the trading on intraday high of Rs.63.45. In total, 561,721 shares were traded through the day. The P/E ratio of the stock is 20.14. The stock has touched a 52 week high of Rs.80.15 and a low of Rs.31.05. With 1,774,670 units of shares, HDFC Mid-Cap opportunities fund is the largest shareholder in VIP. The 52 week stock price chart is on the left VIPIND is an India based luggage manufacturer. It operates in two business segments: luggage and accessories, and furniture. The Company's portfolio of brands includes V.I.P., Aristocrat, Alfa, Skybags and Delsey. VIP is a sheltered workshop in the State of Missouri and serves two counties: Cape Girardeau and Bollinger and part of Stoddard and Scott. During the financial year ended March 31, 2008, Aristocrat luggage and Quality plastics were amalgamated with the Company. VIP's net profit rose 77.88 percent to Rs.20.10 crore in Q1 ending June 2009 compared to Rs.11.30 crore in Q1 ending june 2008. Sales of the company rose 23.33 percent to Rs.204.60 crore compared to Rs.165.90 crore in Q1 ending june 2008. Other luggage companies have also ended the day in green. Evinix accessories gained by 1.89 percent and Forward industries went up by 3.16 percent.
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