VIP Industries shares zoom 6% after Vijay Kedia picks Rs 40-crore stake

Ace investor Vijay Kedia's Kedia Securities acquired a stake worth Rs 39.59 crore in VIP Industries, causing the company's shares to rise by 6% to Rs 589.95 on the BSE. Kedia purchased 7.25 lakh shares at Rs 545.97 each. VIP Industries is India's largest luggage manufacturer, with a significant portion of its equity held by public shareholders.