VIP Inds plunges 4.5% on Q2 loss

VIP Industries, leading luggage maker based in Mumbai, plunged on Thursday after it has posted poor Q2 numbers.

The company reported net loss of Rs 18 million for the quarter ended as compared to net profit of Rs 109 million in the same period last year.

During the quarter, total income has decreased 6.72% to Rs 1.62 billion from Rs 1.74 billion for the last year.Shares ofthe companyare trading at Rs 78.50, down Rs 3.7, or 4.50% at the Bombay Stock Exchange (BSE) on Thursday at 2:18 p.m.The scrip has touched an intra-day high of Rs 80 and low of Rs 74.20. The total volume of shares traded at the BSE is 444,225.In the earlier session, the shares fell 0.72%, or Rs 0.59, at Rs 82.20. Currently, the stock is trading down 55.4% from its 52-week high of Rs 176 and above 14.51% over the 52-week low of Rs 68.55.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 87.85 (5.65) (6.43) 1 Month 91.40 (9.20) (10.07) 3 Months 74.55 7.65 10.26 6 Months 83.75 (1.55) (1.85) 1 Year 167.25 (85.05) (50.85) Note: Based on previous day closing price.