VST Industries’ shares surged 7.4% after the company announced a 10:1 bonus share issue, despite reporting a 36% YoY decline in PAT for the June quarter. The record date for determining shareholder eligibility is August 30. Shares will be credited by September 24.

VST Industries shares jump 7% on bonus share announcement, Q1 results

VST Industries added 3.09% to Rs 4117.30 after the company said that its board has recommended issue of bonus shares in the ratio of 10:1, i.e. ten new bonus equity shares of Rs 10 each for every one existing fully paid equity share of Rs 10 each.

VST Inds rises after board OKs 1:10 bonus share issue; Q1 PAT at Rs 54 crore

VST Industries Bonus Issue: The uptick in stock price came after the company announced a bonus issue for the first time.

Small-cap VST Industries announces 10:1 bonus issue; share price soars 7%

VST Industries standalone net profit declines 35.99% in the June 2024 quarter

VST Industries’ board of directors on Monday approved the issue of bonus shares in the ratio of 10:1. The company will be issuing ten new bonus equity shares for each existing equity share and has fixed Friday, August 30, 2024 as the record date to determine the eligibility of members to receive bonus shares.

VST Industries bonus: Radhakishan Damani stock to issue shares in 10:1 ratio

Axis Bank on Wednesday reported a standalone net profit of Rs 6,035 crore for the quarter ended June 30, 2024 which was up by 4% year-on-year.

Stocks in news: RBL Bank, Adani Green, Nestle, Tech Mahindra, L&T, VST Industries

​Among the public shareholders, Damani held about 34.66% in the company. Damani raised stake in VST Industries during the June quarter by 2%. At the end of March quarter, the investor had held about 32.7% in the company, according to data from Trendlyne.

Radhakishan Damani offloads 1.7% stake in VST Industries, takes home Rs 107 crore

The billionaire in April had acquired 1.51% stake in the company for Rs 86.25 crore.

Radhakishan Damani Sells Stake Worth Rs 142 Crore In VST Industries

Phoenix Mills Ltd, Bandhan Bank Ltd, Hinduja Global Solutions Ltd and Godrej Consumer Products Ltd are among the other losers in the BSE’s ‘A’ group today, 24 July 2024.

VST Industries Ltd leads losers in ‘A’ group

Tata Teleservices (Maharashtra) Ltd, Subex Ltd, Team Lease Services Ltd and AIA Engineering Ltd are among the other gainers in the BSE’s ‘A’ group today, 19 July 2024.

VST Industries Ltd leads gainers in ‘A’ group

The shares of Damanis portfolio stock VST Industries soared 17% to its new all-time high of Rs 4,829.95 after the company announced that it will consider issuing bonus shares in its upcoming board meeting on July 25.

Damani’s portfolio stock soars 17% as company plans to consider bonus share issue

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

VST Industries Limited is engaged in manufacture of cigarettes containing tobacco and unmanufactured tobacco.

VST Industries Ltd