VIP Industries stock soars 18% in two days as Vijay Kedia buys shares worth Rs 40 crore

VIP Industries Ltd. experienced an 18% surge in its stock price over two days following the announcement that investor Vijay Kedia purchased shares worth Rs 40 crore. Kedia bought 7.25 lakh shares at Rs 545.97 each on September 23. By September 24, shares were trading at Rs 587, reflecting a 5.5% increase on that day alone. The company's market capitalization stands at Rs 8,300 crore, with promoters holding a 52% stake. Kedia later cautioned potential investors on the X platform about the stock's high price and advised that patience would be necessary for those considering investment.



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