VIP Industries rose 1.7% to Rs 59.70 at 10:54 IST on BSE after net profit jumped 188.6% to Rs 10.10 crore on 15.3% growth in net sales to Rs 235.10 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Wednesday, 29 January 2014.
Meanwhile, the S&P BSE Sensex was down 217.54 points or 1.05% at 20,429.76.
On BSE, so far 1.53 lakh shares were traded in the counter as against average daily volume of 3.23 lakh shares in the past one quarter.
The stock hit a high of Rs 61.45 and a low of Rs 59.30 so far during the day. The stock had hit a 52-week high of Rs 82.80 on 7 February 2013. The stock hit a 52-week low of Rs 38.85 on 6 August 2013.
The stock had underperformed the market over the past one month till 29 January 2014, sliding 7.27% compared with the Sensex's 2.58% fall. The scrip had, however, outperformed the market in past one quarter, advancing 0.95% as against Sensex's 1.35% fall.
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The small-cap company has equity capital of Rs 28.26 crore. Face value per share is Rs 2.
VIP Industries' board of directors will meet on 10 February 2014, inter alia, to consider interim dividend for the year ending 31 March 2014. The record date for the purpose of payment of interim dividend is fixed as 17 February 2014.
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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