Overall market sentiment remained positive, with 1,304 stocks advancing compared to 806 stocks declining.

The company's stock surged over 4.5 times compared to its final IPO issue price of Rs 89 per share.

However, the market managed to stage a comeback and was trading near its all-time high by the end of the day, reflecting a volatile and rollercoaster day for investors.

Market volatility, as indicated by India VIX, has declined by 1.34 per cent, reflecting a decrease in market volatility.

In this exclusive interview, Neetu Kashiramka, Managing Director of VIP Industries, asserts that by repurposing the company's capacity and diversifying its product offerings, it is poised to cater to evolving customer preferences while maximising operational efficiency and market opportunities

The company's profit grew by 179 per cent YoY, while sales increased by 82 per cent during the third quarter of FY23.

The company has a market cap of over Rs 3,400 crore and has been maintaining a healthy dividend payout of 18.2 per cent.