Tuesday, 24 July 2018

VIP INDUSTRIES at 52 Week High; BSE 500 Index Flat

VIP INDUSTRIES share price has hit a 52-week high at Rs 483 (up 2.8%).
Meanwhile, the BSE 500 Index is at 15,034 (up 0.2%).
Among the top gainers in the BSE 500 Index today are VIP INDUSTRIES (up 2.8%) and RELIANCE COMMUNICATIONS (up 9.5%)
SYMPHONY LTD (down 15.9%) and HEXAWARE TECHNOLOGIES (down 5.6%) are among the top losers today.
Over the last one year, VIP INDUSTRIES has moved up from Rs 178 to Rs 483, registering a gain of Rs 305 (up 170.85%).
The BSE 500 has moved up from 13,763 to 15,034, registering a gain of 1,271 points (up 9.2%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 715.2%), GRAPHITE INDIA (up 397.4%) and RADICO KHAITAN (up 212.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,928 (up 0.0%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.0%), HERO MOTOCORP (up 1.6%) and ADANI PORTS & SEZ (up 1.6%). Other gainers include TATA STEEL (up 1.1%) and TATA MOTORS DVR (up 1.1%). The most traded stocks in the BSE Sensex are VEDANTA LTD and SBI.
In the meantime, NSE Nifty is at 11,153 (down 0.1%). BAJAJ FINSERV (up 2.9%) and INDIABULLS HOU. FIN. (up 2.4%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 32,246 to 36,928, registering a gain of 4,682 points (up 14.3%).

VIP INDUSTRIES Financial Update...

VIP INDUSTRIES net profit grew 30.3% YoY to Rs 350 million for the quarter ended March 2018, compared to a profit of Rs 269 million a year ago. Net Sales rose 7.3% to Rs 3.6 billion during the period as against Rs 3.4 billion in January-March 2017.
For the year ended March 2018, VIP INDUSTRIES reported 48.8% increase in net profit to Rs 1.3 billion compared to net profit of Rs 852.0 million during FY17.
Revenue of the company grew 10.4% to Rs 14 billion during FY18.
The current Price to earnings ratio of VIP INDUSTRIES, based on rolling 12 month earnings, stands at 53.8x.
This article was originally published in English at www.equitymaster.com
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