VST Industries gains after good Q1 results

VST Industries rose 3.96% to Rs 2,048.15 at 14:17 IST on BSE after net profit of rose 34.6% to Rs 41.61 crore on 33.3% rise in net sales to Rs 253.41 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 10 August 2016.

Meanwhile, the BSE Sensex was down 33.24 points, or 0.12%, to 27,741.64.

On BSE, so far 2,737 shares were traded in the counter, compared with average daily volume of 6,216 shares in the past one quarter. The stock hit a high of Rs 2,078 and a low of Rs 2,040 so far during the day. The stock hit a record high of Rs 2,081 on 1 August 2016. The stock hit a 52-week low of Rs 1,400 on 25 August 2015. The stock had outperformed the market over the past 30 days till 10 August 2016, rising 13.79% compared with 0.12% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.76% as against Sensex's 7.70% rise.

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

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

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