VST Industries hits new peak after Radhakishan Damani buys shares

For the second quarter of the financial year 2019 (Q2FY19), the company posted profit before tax (PBT) of Rs 99.42 crore, up 12 per cent against Rs 88.65 crore posted in the year-ago period.

Shares of VST Industries jumped up to 7.5 per cent to hit a new high of Rs 4,600 apiece on the BSE on Thursday, a day after Radhakishan Damani bought 2,70,000 shares at Rs 4,259.99 apiece on the BSE, according to bulk deal data. The data also showed HDFC Mutual Fund sold 273,706 shares at Rs 4,260 apiece.  

At 10:53 am, the stock was trading at Rs 4,573.70, up nearly 7 per cent. In comparison, the S&P BSE Sensex was trading flat at 40,182 levels, up just 0.16 per cent. The stock has rallied 10 per cent in the last two