Isha Ambani, daughter of Reliance Industries Chairman Mukesh Ambani, and Radhika Piramal, daughter of VIP Industries Chairman Dilip Piramal, have been named by Forbes magazine among its 12 “power businesswomen&" from Asia this year.
VIP Industries' stocks faced severe selling pressure throughout today’s trading session and finally closed with a 6.7% loss in its value after the company reported discouraging performance in March 2012 quarter thanks to loss of business from
VIP Industries has skidded 5% at Rs 88.45, extending its previous day’s over 4% fall after its consolidated net profit for the March quarter more than halved to Rs 7.80 crore due to higher operating expenditure.
VIP Industries has zoomed 11% to Rs 109 in noon deals, extending its Wednesday’s 5% rally, after a foreign institutional investor (FII) acquired almost 1% stake in the company through bulk deal on Wednesday.
VIP Industries has plunged 6% to Rs 846 after reporting 13% year-on-year (y-o-y) drop in net profit at Rs 10.90 crore for the quarter ended September 2011, compared with Rs 12.60 crore in the corresponding quarter of previous fiscal.