VIP Industries is currently trading at Rs. 400.00, up by 2.90 points or 0.73% from its previous closing of Rs. 397.10 on the BSE.
The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 404.00 and Rs. 397.50 respectively. So far 5395 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 585.10 on 10-Sep-2018 and a 52 week low of Rs. 342.00 on 22-Jul-2019.
Last one week high and low of the scrip stood at Rs. 435.00 and Rs. 392.60 respectively. The current market cap of the company is Rs. 5640.68 crore.
The promoters holding in the company stood at 53.46%, while Institutions and Non-Institutions held 17.58% and 28.96% respectively.
VIP Industries is aiming a growth of 9-10 per cent in the 2019-20 fiscal, despite economic headwinds slowing demand. The company grew at 26 per cent last fiscal to Rs 1,784 crore, and at 9 per cent in the first quarter of 2019- 20. The company will soon launch women-only soft and hard luggage variants to remain afloat in the Rs 4,000-crore organised luggage industry.
VIP Industries is engaged in the manufacturing of hard luggages and soft luggages. The company operates through two segments – Luggage, Bags & Accessories, and Furniture.