VIP Industries dropped 0.98% to Rs 75.90 at 14:40 IST on BSE, with the stock extending recent losses.
Meanwhile, the BSE Sensex was down 564.37 points or 2.19% at 25,200.41.
On BSE, so far 14,701 shares were traded in the counter as against average daily volume of 69,456 shares in the past one quarter.
The stock hit a low of Rs 74.20 so far during the day, which is also a 52-week low for the stock. The stock hit a high of Rs 77.20 in intraday trade. The stock had hit a 52-week high of Rs 129.60 on 28 January 2015.
Shares of VIP Industries skidded 7.55% in six trading sessions to its current ruling price at Rs 75.90, from a recent high of Rs 82.10 on 27 August 2015.
On consolidated basis, VIP Industries' net profit fell 6.3% to Rs 25.10 crore on 7.4% rise in total income to Rs 354.90 crore in Q1 June 2015 over Q1 June 2014.
VIP Industries is a luggage manufacturer. VIP Industries already has a global footprint with its products available not just across India but also all over Middle East, the UK, USA, Germany, Spain, Italy and select African and South East Asian countries.
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