VST Industries jumps after good Q4 outcome

VST Industries rose 6.69% to Rs 1900 at 9:22 IST on BSE after net profit rose 49.37% to Rs 51.89 crore on 18.11% rise in net sales to Rs 188.98 crore in Q4 March 2014 over Q4 March 2013.

The company announced the results after market hours on Tuesday, 22 April 2014.

Meanwhile, the BSE Sensex was up 97.29 points, or 0.43%, to 22,855.66.

On BSE, so far 2,084 shares were traded in the counter, compared with an average volume of 789 shares in the past one quarter.

The stock hit a high of Rs 1,903.70 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 1,816.10 so far during the day. The stock hit a 52-week low of Rs 1,400 on 20 August 2013.

The stock had outperformed the market over the past one month till 22 April 2014, rising 6.43% compared with the Sensex's 4.61% rise. The scrip had also outperformed the market in past one quarter, rising 7.69% as against Sensex's 6.66% rise.

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

VST Industries' net profit rose 18.93% to Rs 150.15 crore on 18.23% rise in net sales to Rs 784.68 crore in the year ended March 2014 over the year ended March 2013.

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

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