In today’s trading session the VIP Industries Ltd (VIPIND) opened with a positive bias and succeeds to breaks its previous 52-week high record of 452.00 of days back. However, it not like it surged to another level but it was able to touch the same 52-week high again. In today’s session, it opened flat at the level of 438.10 from its previous close of 438.55.
The best part about VIP’s continued growth is that it has never reached its 52-week low of 171.05 of July 31, 2017. In fact, in the last year, the stock’s price of VIP Industries increased drastically and reached from 180 to 448.70.
It because of the purchasing which has shifted from non-organized to organized due to GST. The breakout above the pattern formation clearly indicates the strength in the current trend.