10:1 Bonus Share, Rs 150 Dividend In 2024: Tobacco Co Declares 37.38% Drop In PAT, Buy?

Mid-cap company engaged in tobacco sector, VST Industries Ltd shares slipped 0.95% on October 24, 2024. The company declared a fall of 37.38% in its profit after tax (PAT) for the quarter ended September 30, 2024 at Rs 47.56 crore as against Rs 75.95 crore reported in the corresponding quarter of last year. Last trading price of VST Industries shares on BSE is Rs 344.00 per share. The company had recommended 10:1 bonus issue and shares traded ex-bonus on September 6, 2024. The company also recommended Rs 150 per share dividend in 2024 and shared hit ex-dividend on June 14, 2024. Check details below:

VST Industries Financial Results : The company announced its total revenue from operations for September 2024 quarter at Rs 461.04 crore, up 1.94% as compared to Rs 452.25 crore declared in the similar quarter of last year. Total income of the tobacco sector stock announced at Rs 469.05 crore for September 2024 from Rs 481.53 crore in September 2023. Its EPS for September 2024 came at Rs 2.80 from Rs 4.47 in September 2023.

VST Industries Shares Performance: The 52-week high price of VST Industries shares on BSE is Rs 486.70 per share (as on 06/09/2024) and 52-week low price is Rs 287.55 per share (as on 26/10/2023). VST Industries has a market cap of Rs 5843.22 crore. VST Industries shares slipped over 8% in last 1-week, gained over 11% in 2024, jumped 17% in last 1-year, and rallied 9% in last 3-years.

VST Industries Dividend In 2024: Earlier this year, it recommended a final dividend of Rs 150/- per equity share of Rs 10/- each and fixed June 14, 2024 as the record date.

Radhakishan Damani Reduces Stake In VST Industries: Ace investor and D Mart founder Radhakishan Damani, a public shareholder of VST Industries Ltd., had offloaded a 0.64% stake worth Rs 4.39 crore via open market transactions on September 19, 2024. Damani, one of the largest shareholders in VST Industries, had sold 1 lakh shares at Rs 439.19 apiece, as per bulk deal data available on the NSE. As of June, the investor directly held a 3.47% stake in VST Industries.

Should You Buy VST Industries Shares? According to A R Ramachandran, Independent SEBI Research Analyst, "VST Industries is bearish on the Daily charts with strong resistance at 373. A Daily close above this resistance could lead to target of 453 in the near term. Strong support will be at 322."

About VST Industries: 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.

Disclaimer: The stock has been picked from the brokerage report of AR Ramchandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.