Manappuram Finance up 12%; VIP Industries, Jubilant gain over 6%

NEW DELHI: Shares of Manappuram Finance Ltd, VIP Industries Ltd and Jubilant Foodworks Ltd perked in the last one hour of the trade on the back of strong volumes.

Shares of Mannappuram gained over 12% in the trade today to trade at Rs 56.15. The stock hit a high of Rs 57 and a low of Rs 50.50.

“Manappuram has made a pretty good move in the last three days but the stock is in a bit of a sharp decline,” Deepak Mohoni of trendwatchIndia. com said. “For anyone interested in trading, it is best to wait for a little dip which comes every now and then and then pick it up. Otherwise the stop losses are going to be far away right now,” added Deepak.

At 03:12 p.m., shares of VIP Industries Ltd were trading 10% higher at Rs 890. For the year the stock has clocked impressive gains of over 30%.

Jubilant FoodWorks Ltd was trading 5.4% higher at Rs 997. Jubilant is a leader in the organised pizza industry with 50 per cent market share (overall) and 70 per cent in the home delivery segment, with 392 stores spread across 93 cities.