VST Inds drops after poor Q4 results

VST Industries lost 3.13% to Rs 3,005 at 11:04 IST on BSE after net profit fell 8.5% to Rs 45.10 crore on 15.7% decline in net sales to Rs 227.03 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was up 25.41 points or 0.09% at 29,344.51. The S&P BSE Mid-Cap index was up 63.89 points or 0.45% at 14,360.02.

On the BSE, 145 shares were traded on the counter so far as against the average daily volumes of 535 shares in the past one quarter. The stock had hit a high of Rs 3,095.20 and a low of Rs 3,005 so far during the day.

The stock had hit a record high of Rs 3,216.45 on 18 April 2017 and a 52-week low of Rs 1,595 on 26 April 2016. It had outperformed the market over the past one month till 18 April 2017, surging 9.25% compared with the Sensex's 1.11% fall. The scrip had also outperformed the market over the past one quarter, advancing 27.31% as against the Sensex's 7.56% rise.

The mid-cap company has equity capital of Rs 15.44 crore. Face value per share is Rs 10.

VST Industries' board recommended a final dividend of Rs 75 per share for FY 2017.

VST Industries' principal activities are manufacturing and selling cigarettes and unmanufactured tobacco.

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