The stock rallied 11% to Rs 1,470, also its record high on the NSE in early morning trade.
The stock hit a lifetime high of Rs 1,372 in intra-day trade and rallied 45% in past one-month from Rs 943 on May 2, 2016.
At 02:07 PM, the stock was up 7% to Rs 1,268, extending its previous day's 20% surge on the BSE.
The stock surged 15% to Rs 1,134, also its 52-week high on the BSE in early morning trade.
Around 2.32 million equity shares representing 7.7% of total equity of V-Guard Industries changed hands, the BSE data shows.