Billionaire investor Radhakishan Damani’s confidence in Hyderabad-based cigarette company VST Industries has increased. Damani has increased his stake in this company during the March 2022 quarter.
In the March quarter, Damani bought around 12,000 equity shares of VST Industries through its investment arm Derive Trading & Restores Pvt Ltd. With this purchase, Damani has increased its stake to 4.76 per cent in the January-March quarter. Let us tell you that Damani’s stake in VST Industries was 4.68 percent in the quarter ended December 2021.
What is the share price of the company: Let us tell you that the headquarter of VST Industries is in Hyderabad. This company manufactures and distributes cigarettes. On the last trading day, the company’s share price was at Rs 3212.35 with an increase of 1.46 per cent. In October last year, the share price was Rs 3,893.95, which is a 52-week high.
At the same time, in the month of February this year, the share price went up to Rs 2,786, which is a 52-week low. In this context, there is a recovery in the share price. At present, the company’s market capitalization is Rs 4,960.49 crore. Read this-Cardless cash withdrawal will make the debit card shine! This is the purpose of RBI
Damani’s Wealth: According to the Bloomberg Billionaires Index, Damani is worth $21.4 billion. Talking about Damani’s ranking among the billionaires of the world, he is 69th. He is one of the top billionaires of India.