10:1 Share: Tobacco Stock Set To Trade Ex-Bonus Next Week, Shares Rise 10.60% In 2-Weeks

Mid-tier company engaged in tobacco sector, VST Industries Ltd will trade ex-bonus in the ratio of 10:1 implying shareholders will become eligible to receive 10 bonus shares for every 1 share held as on the record date. The company on August 14, 2024 revised record date for 10:1 bonus share and fixed September 6, 2024 as the new record date. Last trading price of VST Industries Ltd shares on BSE is Rs 4567.70 per share. The company's market capitalisation stood at Rs 7053.41 crore. Check details below:

VST Industries Revises Record Date For Bonus Share: As per the regulatory filing of VST Industries dated August 14, 2024, "the Company has fixed Friday, 6th September, 2024 as the revised Record Date for the purpose of determining the names of Members who shall be entitled for allotment of bonus equity shares in the ratio of 10 : 1 i.e. 10 (Ten) new fully paid-up equity shares of Rs. 10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held by the Members of the Company."

VST Industries Shares Performance: VST Industries shares slipped 1.42% in last 1-week, surged 10.62% in last 2-weeks, zoomed 35% year-to-date, and offered return of 40% in last 2-years. In last 10-years, VST Industries shares offered return of 198%. The 52-week high price of VST Industries share on BSE is Rs 4922.50 per share (as on 27/08/2024) and 52-week low price is Rs 3159.90 per share (as on 26/10/2023), respectively.

Radhakishan Damani Increases Stake In VST Industries: Ace investor Radhakishan Damani increased stake in VST Industries by 2% and with this his shareholding in the company stood at 34.7% as of June 2024 quarter.

VST Industries Dividend In 2024: According to the BSE filing of VST Industries as on April 26, 2024, "recommended a final dividend of Rs.150/- per equity share of Rs. 10/- each. The dividend if approved will be paid within 30 days of the approval of the shareholders at the ensuing 93rd Annual General Meeting."

VST Industries Dividend History: VST Industries announced 24 dividends since May 28, 2001. In last 1-year, VST Industries announced an equity dividend amounting to Rs 150.00 per share. At the current share price of Rs 4567.70 per share, VST Industries offers dividend yield of 3.28%.

About: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

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