Rs 150/Share Dividend, Yield 4.03%: 94-Yrs Old Tobacco Co To Consider Dividend, PE Is 20.37

Mid cap stock operating in tobacco sector, VST Industries Ltd will hold its meeting of Board of Directors on April 26, 2024 to consider and approve financial results for the year ended March 31, 2024. The company will also recommend dividend, if any for the financial year 2023-24. The company has a PE of 20.37 and EPS (TTM) of 34.80.

VST Industries share zoomed over 3% in last 2-weeks only. VST Industries declared whopping dividend of Rs 150/share earlier last year in 2023 with ex-dividend date set as August 5, 2023. More details below:

VST Industries To Consider Dividend on April 26, 2024: As per the regulatory filing of VST Industries dated April 17, 2024, "the Board of Directors of the Company is scheduled to be held on Friday, 26th April, 2024, inter-alia, to consider and approve the audited financial results for the year ended March 31, 2024 and to recommend dividend if any, for the financial year 2023-24."

VST Industries Dividend History: VST Industries announced 23 dividends since May 28, 2001. In the past 12 months, VST Industries announced an equity dividend amounting to Rs 150.00 per share. At the current share price of Rs 3720.80/share, VST Industries offers a dividend yield of 4.03%.

VST Industries Technical: Score is 63.44, stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. RSI is 58.4, RSI below 30 is considered oversold and above 70 overbought. MFI is 86.8, MFI above 80 is considered strongly overbought. This implies that stock may show pullback. MACD is above its center and signal Line, this is a bullish indicator. Number of FII/FPI investors decreased from 99 to 88 in Dec 2023 quarter. Mutual Funds have decreased holdings from 15.95% to 15.93% in Dec 2023 quarter. The New India Assurance Co. Ltd has 1.51% in VST with 232,803 shares.

Latest Bulk Deal: Ace investor Radakishan Damani bought 2.33 lakh shares (1.51% stake) at an average price of Rs 3,689.96. The investor held 32.89% stake in the company as of December 2023. Damani bought shares worth Rs 86.25 crore. This sale upgraded his stake to 35.84%. Earlier this year in January, Damani acquired 1.44% stake in the company, that took the shareholding to more than 30% and made him largest shareholder in VST as the promoters held 32.16% stake.

On the other hand, HDFC Mutual fund sold 3.3 lakh shares in the company at Rs 3,690.23 per share. HDFC Mutual Fund sold 2.15% stake in VST. The stake was 5.84% till December 2023 as per shareholding data.

VST Industries Share Performance: Last trading price of VST Industries share on BSE is Rs 3720.80 per share. The 52-week high price of VST Industries share on BSE is Rs 4328.45 per share (as on 3/01/2024) and 52-week low price is Rs 3159.90 per share (as on 26/10/2023), respectively. The company has a market cap of Rs 5745.63 crore. VST Industries shares gave return of 10% year-to-date, surged 14% in last 1-year, and offered return of 16% in last 2-years. In last 10-years, VST Industries shares surged 112%.

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.

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