VIP Industries stock surges 8% on tie-up with Unicommerce to streamline its post-purchase ecommerce operations

By simplifying its warehouse operations, VIP Bags will ensure faster and more accurate deliveries of its products, Unicommerce said in a regulatory filing.

At 12:18 pm, VIP Industries shares were trading 7.4 percent higher at Rs 561.40 on the National Stock Exchange (NSE). The stock has fallen 8 percent so far this year, underperforming Nifty's returns of 16 percent.

In the past 12 months, the counter has slimped 14 percent, compared to Nifty's gain of around 30 percent during this period.

"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," it added.

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 sectoragnostic platform allows it to utilise & implement these learnings across sectors to solve common and specific problems, the release said.

Shares of Unicommerce eSolutions were trading a percent higher at Rs 209.72. Year-to-date and in the last one year, the counter has fallen marginally.

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