VIP Industries was locked in 20% upper circuit at Rs 103 at 14:52 IST on BSE, after net profit jumped 313.15% to Rs 15.70 crore on 34.99% rise in total income from operations (net) to Rs 295.50 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during market hours today, 23 October 2015.
Meanwhile, the BSE Sensex was up 158.68 points or 0.58% at 27,446.34
On BSE, so far 12.22 lakh shares were traded in the counter as against average daily volume of 77,735 shares in the past one quarter.
The stock hit a high of Rs 103 and low of Rs 86 in intraday trade. The stock had hit a 52-week high of Rs 129.60 on 28 January 2015. The stock had hit a 52-week low of Rs 70.80 on 8 September 2015.
The stock had outperformed the market over the past one month till 21 October 2015, rising 8.6% compared with Sensex's 4.18% rise. The scrip had, however, underperformed the market in past one quarter, falling 9.58% as against Sensex's 3.17% 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 is a luggage manufacturer.
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