10:1 Bonus Shares: Radhakishan Damani Sells 1 Lakh Shares Worth Rs 4.4 Crore, Reducing Stake from 3.47 Per cent to 2.82 Per cent!
The company's shares have provided a return of approximately 40 per cent over the past year.
Ace investor Radhakishan Damani has offloaded 1 lakh shares of VST Industries in a block deal, fetching Rs 4.4 crore. The shares were sold at Rs 439.05 each. As a result of this transaction, Damani's stake in VST Industries has decreased from 3.47 per cent to 2.82 per cent.
VST Industries is a Small-Cap company involved in the manufacturing and trading of cigarettes, tobacco, and related products. The company’s diverse portfolio includes five prominent brands: Total, Editions, Charms, Special, and Moments. Established in 1930, The Vazir Sultan Tobacco Company Limited holds the position of the third-largest player in the domestic market, with an approximate market share of 10 per cent.
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On Friday, the shares of VST Industries closed the day at around Rs 449.50 per share on the BSE. The company’s current market capitalization stands at Rs 7935.26 crore. Additionally, the shares have delivered an impressive return of around 40 per cent in the past 1 year.
As per the Quarterly Results in Q1 FY25, VST Industries recorded a revenue of Rs 321 crore compared to Rs 333 crore. The operating profit stood at Rs 73 crore. The net profit stood at Rs 54 crore compared to a profit of Rs 84 crore. Looking at the annual performance, the company generated a revenue of Rs 1420 crore in FY24. The operating profit for FY24 was Rs 353 crore with an operating profit margin of 25 per cent with a net profit of Rs 302 crore.
According to the shareholding pattern of the company, the promoters hold around 32.16 per cent stake while FIIs and DIIs hold 1.83 per cent and 12.64 per cent respectively. Public investors own 53 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.