VIP Industries continues significant uptrend
VIP Industries Ltd. (NSE:VIPIND), India's 4th largest Other apparels & accessories company by market cap, has increased Rs3.75 (0.8%) from its previous trading session to close at Rs465.40. Compared with the BSE SENSEX Index which rose 12.8 points (0.03%) in the day, the relative price increase was 0.8%. There were 315,987 shares worth Rs147.7 million (US$2.1 million) traded today. The volume was 0.9 times the average daily trading volume of 365,946 shares.
Technical indicators complementing today's significant uptrend:
+ The positive 7.14 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high nine times, pointing to a significant uptrend.