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04-10-2024 11:52 AM | Source: Accord Fintech
VIP Industries zooms on partnering with Unicommerce

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VIP Industries is currently trading at Rs. 552.75, up by 29.70 points or 5.68% from its previous closing of Rs. 523.05 on the BSE.

The scrip opened at Rs. 536.00 and has touched a high and low of Rs. 557.50 and Rs. 516.85 respectively. So far 133898 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 697.45 on 13-Oct-2023 and a 52 week low of Rs. 427.55 on 16-Aug-2024.

Last one week high and low of the scrip stood at Rs. 557.50 and Rs. 516.85 respectively. The current market cap of the company is Rs. 7534.41 crore.

The promoters holding in the company stood at 51.75%, while Institutions and Non-Institutions held 21.08% and 27.18% respectively.

VIP Industries has partnered with Unicommerce to streamline its post-purchase ecommerce operations. The collaboration will enable VIP Industries to process orders faster across various online channels using a single, integrated dashboard.

VIP Industries has adopted Unicommerce’s Multichannel Order Management and Warehouse Management Systems to automate order processing on its own brand website and across multiple marketplaces on which the brand sells its extensive and popular range of travel products. By simplifying its warehouse operations, VIP Bags will ensure faster and more accurate deliveries of its products.

Unicommerce’s solutions will also enable VIP Industries to manage the operational complexities related to the varied size of its products, some of which require larger shipping labels, shipment of combo bundles from one or more locations etc.

Unicommerce’s decade long experience of working with brands across different industries provides it a deeper understanding of the distinctive pain points faced throughout e-commerce journeys. Its sector-agnostic platform allows it to utilise & implement these learnings across sectors to solve common and specific problems.

VIP Industries is engaged in the business of manufacturing of luggage bags.