This stock in Rakesh Jhunjhunwala's portfolio zooms 200% in one year

VIP Industries hit a new high of Rs 538, rallying 200% in past one year from Rs 179 on August 2, 2017 as compared to 15% rise in the S&P BSE Sensex.

Shares of VIP Industries have moved higher by 10% to Rs 538 per share, also their record high on the BSE, after the company reported a strong 55% year on year (yoy) jump in its consolidated net profit at Rs 634 million in June quarter (Q1FY19). The company, which is engaged in manufacturing and marketing of luggage and bags, had a profit of Rs 410 million in the same quarter year ago.

Revenue from operations during the quarter under review increased 27% at Rs 5.18 billion against Rs 4.07 billion in the corresponding quarter of previous fiscal. EBITDA (earnings