However, since April, the stock of VIP Industries
has underperformed the market by falling 11.5 per cent, as compared to a 7.4 per cent rise in the S&P BSE Sensex till Friday, May 8.
In Q4FY20, too, VIP Industries had tanked 44 per cent, as against a 28.6 per cent decline in the benchmark index. The stock hit a 52-week low of Rs 188 on March 24, 2020 in the intra-day trade on the BSE.
At 12:59 pm, VIP Industries was trading 7.4 per cent higher at Rs 228, compared with a per cent's rise in the S&P BSE Sensex. The trading volumes on the counter jumped an over 5-fold with a combined 2.6 million equity shares changing hands on the NSE and BSE till the time of writing of this report.