Wednesday, 31 October 2012

Stock Market Tips


VIP Industries lost 5.11% to Rs 78 at 10:00 IST on BSE after the company reported net loss of Rs 1.8 crore in Q2 September 2012, compared with net profit of Rs 10.9 crore in Q2 September 2011.


The company announced the second quarter results after market hours on Wednesday, 31 October 2012.


Meanwhile, the BSE Sensex was down 11.65 points or 0.06% to 18,493.73.


On BSE, 2.37 lakh shares were traded in the counter as against average daily volume of 3.39 lakh shares over the past one quarter.


The stock hit a high of Rs 80 and a low of Rs 74.20 so far during the day. The stock had hit a 52-week low of Rs 68.55 on 27 July 2012. The stock had hit a 52-week high of Rs 175.25 on 1 November 2011.


The stock had underperformed the market over the past one month till 31 October 2012, declining 10.94% compared with the Sensex's 1.37% fall. The stock had, however, outperformed the market in past one quarter, surging 13.69% as against Sensex's 7.36% rise.


The small-cap luggage maker has equity capital of Rs 28.26 crore. Face value per share is Rs 2.


VIP Industries' total income from operations declined 6.78% to Rs 162 crore in Q2 September 2012 over Q2 September 2011.


VIP Industries is a leading manufacturer of hard and soft luggage.

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