VST Industries declines after poor Q3 result

VST Industries fell 1.8% to Rs 1,856 at 11:25 IST on BSE after net profit dropped 21.6% to Rs 30.36 crore on 5.7% fall in total income to Rs 202.38 crore in Q3 December 2014 over Q3 December 2013.

The company announced the results after market hours yesterday, 22 January 2015.

Meanwhile, the BSE Sensex was up 185.48 points, or 0.62%, to 29,185.25

On BSE, so far 359 shares were traded in the counter, compared with an average volume of 1,533 shares in the past one quarter.

The stock hit a high of Rs 1,871.60 and a low of Rs 1,800.20 so far during the day. The stock hit a 52-week low of Rs 1,435 on 10 July 2014. The stock hit a 52-week high of Rs 2,004.50 on 30 April 2014.

The stock had underperformed the market over the past one month till 22 January 2015, falling 0.94% compared with the Sensex's 4.71% rise. The scrip, however, outperformed the market in past one quarter, gaining 10.46% as against Sensex's 8.28% rise.

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

VST Industries has a manufacturing facility at Hyderabad and its principal activities are manufacturing and selling cigarettes and unmanufactured tobacco.

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