VIP Industries Share Price Jumps 9% After Large Block Deals Hit The Market

VIP Industries share price (NSE: VIPIND) rose sharply on Wednesday, climbing nearly 9% on the BSE amid heavy trading activity. The stock hit an intraday high of ₹397.30 per share.

Around 9:49 AM, VIP Industries was trading 6.98% higher at ₹390.20, while the BSE Sensex gained 0.13% during the same period.

Block Deal Details

According to data compiled by Bloomberg, about 36.8 million shares, representing 26% of the company’s equity, were exchanged through 2 block deals. However, the identities of the buyers and sellers were not disclosed.

Shareholding Pattern Snapshot

As of the September quarter:

• Promoters held 49.73% stake, with promoter group ownership at 48.79%
• Key promoter group holdings include:
  • DGP Securities: 27%
  • Vibhuti Investments: 10.26%
  • Kemp and Company: 2.36%

Among public shareholders:

• Mutual funds held 13.99%
• Foreign investors owned 6.95%
• Alternate investment funds held 1.74%

About VIP Industries

Founded in 1968, VIP Industries Limited is a leading manufacturer and retailer of luggage, backpacks, and handbags. The company is a dominant player in India’s organised luggage market and exports products to over 45 countries.

Its strong brand portfolio, in-house manufacturing, wide distribution network, and focus on innovation have helped it build a solid domestic and global presence.

Conclusion

VIP Industries’ sharp stock rally was driven by large block deals and heavy trading volumes. While the deal participants remain unknown, the activity has clearly boosted market sentiment around the stock.

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