VIP Industries gross margin in June quarter came in at 54 per cent mainly due to lower discounts and better mix in favour of higher margin products and price increase.
Post the clarification by the BSE on Wednesday over its new surveillance rules, dip buyers, who were sitting on the fence for a correction, lined up to buy shares of midcap and smallcap companies that had seen hefty correction over the past week.
The on-going rally in the stock of VIP Industries can continue in the short term. Following a short-term downtrend from the 52-week high of ₹421 recording in early March this year the stock found sup