VST Industries Ltd Share Price (VSTIND)

VST Industries Offers Attractive Dividend Yield Despite Questionable Sustainability - 24 Apr, 2024

VST Industries trades at a 5.1% discount to its estimated fair value and offers an attractive dividend yield of 3.78%. However, the sustainability of dividends is questionable as they are not well supported by free cash flow. The company has maintained stable and reliable dividends over the past decade and recently appointed Sanjay Wali as COO.

VST Industries Plans Dividend as Investor Increases Stake - 19 Apr, 2024

VST Industries plans to recommend dividends for FY 2023-24 and has seen a surge in share price. However, low cigarette sales growth and falling earnings may impact the stock. Ace investor Radhakishan Damani increased his stake by 1.51%, while HDFC Mutual Fund reduced its stake.

Damani Buys Stake in VST Industries; Concerns Over Dividend Sustainability - 18 Apr, 2024

Radhakishan Damani acquires a 1.5% stake in VST Industries for Rs 86.26 crore, while HDFC Mutual Fund sells a 2.1% stake for Rs 122 crore. The company's growing dividend payments raise sustainability concerns due to lack of free cash flows.

VST Industries Appoints Sanjay Wali as COO - 17 Apr, 2024

Sanjay Wali has been appointed as the Chief Operating Officer of VST Industries Ltd. He brings over three decades of experience in business strategy, sales, marketing, logistics, and project management to the role. The stock closed at ₹3,719 on the NSE, up 0.92%.

Damani Increases Stake in VST Industries; HDFC MF Sells Stake - 16 Apr, 2024

Radhakishan Damani acquires a 1.51% stake in VST Industries for Rs 86.26 crore, while HDFC Mutual Fund sells a 2.14% stake for Rs 122 crore. The company reported a 32% YoY decline in net profit to Rs 53.72 crore for Q3FY24.

Damani Buys Stake in VST Industries; HDFC MF Sells Stake - 15 Apr, 2024

DMart founder Radhakishan Damani has acquired an additional 1.51% stake in cigarette-maker VST Industries Ltd. worth Rs 86.25 crore through open market deals, increasing his total stake to 34.4%. Meanwhile, HDFC Mutual Fund sold a 1.35% stake in the company. VST's shares closed 0.49% lower at Rs 3,703.35 apiece.