VIP Industries advanced 2.54% to Rs 498.50 at 13:29 IST on BSE, extending Wednesday's 12.84% rally, on reports about an impending acquisition in Europe.
Meanwhile, the BSE Sensex was up 38.88 points or 0.21% at 18,256.32
On BSE, 15.84 lakh shares were traded in the counter as against an average daily volume of 4.76 lakh shares in the past one quarter.
The stock hit a high of Rs 507.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 480 so far during the day. The stock had hit a 52-week low of Rs 63.20 on 3 August 2009.
The VIP Industries stock had galloped 12.84% to Rs 486.15 in a single trading session on Wednesday, 4 August 2010, on massive volume of 53.01 lakh shares
The mid-cap stock outperformed the market over the past one month till 4 August 2010, rising 35.36% compared with the Sensex's 4.33% rise. It also outperformed the market in past one quarter, surging 84.01% as against 6.30% rise in the Sensex.
The company has an equity capital of Rs 28.26 crore. Face value per share is Rs 10.
VIP Industries net profit surged 60.2% to Rs 32.20 crore on 17.3% rise in net sales to Rs 235.40 crore in Q1 June 2010 over Q1 June 2009.
The company was reported buoyant quarterly result:
| Particulars | Quarter Ended | ||
| Jun. 2010 | Jun. 2009 | % Var. | |
| Sales | 235.40 | 200.60 | 17 |
| OPM % | 19.63 | 16.95 | 16 |
| PBDT | 45.00 | 31.60 | 42 |
| PBT | 41.20 | 27.40 | 50 |
| NP | 32.20 | 20.10 | 60 |
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