Multibagger Stock Tips Share Turned Into Multibagger In Five Years Did You Buy

Multibagger Stock: The stock of VIP Industries has given excellent returns to the investors in the last five years. The stock of VIP Industries closed at Rs 118.76 on 16 December 2016 and ended at 584.45 on 16 December 2021. Gain of more than 395% during this period. In comparison, the Sensex rose 116% during this period. Five years ago, an investment of Rs 1 lakh in the stock would have increased to Rs 4.92 lakh in the previous session.

The stock of VIP Industries is higher than the moving averages of 5 days, 20 days, 50 days, 100 days and 200 days. The stock has gained 57.2% in the last one year, while it has grown by 57.25% since the beginning of this year. It had hit a 52-week high of Rs 668 on September 9, 2021 and a 52-week low of Rs 309 on April 19, 2021.

At the end of September quarter, 11 promoters held 50.28 per cent stake in the firm and 1,18,081 public shareholders held 49.72 per cent. 1,11,821 public shareholders with individual capital up to Rs 2 lakh hold 14.89% stake or 2.10 crore shares in the firm.

VIP Industries is a holding company engaged in manufacturing of Hard Luggage and Soft Luggage. The firm operates through two segments: luggage, bags, accessories, and furniture. The company has manufacturing facilities at various locations across India. The company has several brands in the luggage category. The company’s brands include Carlton, VIP Bags, Skybags, Aristocrat, Alfa and Caprice.

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