VIP Clothing Ltd will not be continuing the Eminence licence agreement entered with Eminence group for manufacturing and marketing of undergarment under Brand name called EMINENCE, which is due for expiry on 31st December, 2018. The contribution towards sales from Eminence brand was not significant and hence company won't be renewing said agreement further from 1st January, 2019.
Shares of VIP Clothing Ltd was last trading in BSE at Rs.30.35 as compared to the previous close of Rs. 31.55. The total number of shares traded during the day was 15198 in over 506 trades.
The stock hit an intraday high of Rs. 32.5 and intraday low of 30.2. The net turnover during the day was Rs. 470258.