VIP Industries' stocks faced severe selling pressure throughout today’s trading session and finally closed with a 6.7% loss in its value after the company reported discouraging performance in March 2012 quarter thanks to loss of business from

The economic slowdown has not spared even the consumption plays.

VIP Industries has skidded 5% at Rs 88.45, extending its previous day’s over 4% fall after its consolidated net profit for the March quarter more than halved to Rs 7.80 crore due to higher operating expenditure.

VIP Industries has zoomed 11% to Rs 109 in noon deals, extending its Wednesday’s 5% rally, after a foreign institutional investor (FII) acquired almost 1% stake in the company through bulk deal on Wednesday.

VIP Industries has plunged 6% to Rs 846 after reporting 13% year-on-year (y-o-y) drop in net profit at Rs 10.90 crore for the quarter ended September 2011, compared with Rs 12.60 crore in the corresponding quarter of previous fiscal.

Promoters say they mistakenly under-reported their stake at 7% lower than what it actually was.

Luggage-maker VIP Industries today said it is eyeing a 25-30% topline growth, besides strengthening of its position in segments such as handbags and backpacks, this fiscal.

Manoj Tulsian, the chief financial officer of luggage maker VIP Industries has quit, the company said today. The company did not indicate the reason for the resignsation.

VIP Industries is trading 3% higher at Rs 754 after the board of directors proposed to sub-divide the face value of equity shares of the company from Rs 10 to Rs 2 paid-up.

VIP Industries has gained another 2% to touch a fresh lifetime high at Rs 859. Yesterday, the stock had zoomed 8%.

Reliance Infrastructure, VIP Industries and Mahindra Satyam have rallied more than 5% each on back of huge volumes.

VIP Industries has recorded a 79% jump in its net profit at Rs 16.3 crore in Q4 FY11 as against Rs 9.1 crore in the year-ago period, a press release issued here today said.

VIP Industries is trading higher by 5% at Rs 727 on reports that the company is likely to sell its stake in machine manufacturer Windsor Machines to Renaissance Equipment, along with other promoters.

VIP Industries, India’s largest travel-wear maker, is likely to sell its stake in the BSE-listed machine manufacturer Windsor Machines Ltd, to Renaissance Equipment Pvt Ltd, along with other promoters.

The purchase of a two per cent stake in VIP Industries by global private equity (PE) firm Blackstone saw the stock jump nearly 20 per cent last week to over Rs 650. The stock has since then held on to these levels, as reports indicate that Blackstone

The Rs 1,500-crore ladies handbag market will see some major action this year, with luggage makers V.I.P and Samsonite contemplating entry soon.

Six years after acquiring UK's luggage brand Carlton, VIP Industries today said it will introduce products from the range in India in this quarter to strengthen position in the premium category.

The stock of VIP Industries rallied 12.84 per cent today on the Bombay Stock Exchange (BSE) to close at Rs 486.15. It hit an intra-day high of Rs 502.40 — a 52-week high.

VIP Industries is trading 10% higher at its lifetime high level of Rs 473, on reports that company is planning to buy a European rival this financial year.

Eyes 20% y-o-y growth for the next 5 years.