The shares of VST Industries have risen tremendously. The company’s shares rose 20 percent to Rs 486.70 on the Bombay Stock Exchange on Friday. VST Industries has gifted bonus shares to its shareholders. The company’s shares are trading at ex-bonus on Friday. Veteran investor Radhakishan Damani has placed a big bet on VST Industries. Damani owns more than 50 lakh shares of VST Industries.
Gift of 10 bonus shares for every 1 share
VST Industries is giving bonus shares to its investors in the ratio of 10:1. That is, the company is distributing 10 bonus shares for every 1 share. This is the first time that VST Industries is giving bonus shares. Apart from this, the company has never divided its shares (stock split). The 52-week high level of VST Industries shares is Rs 486.70. At the same time, the 52-week low level of the company’s shares is Rs 287.55.
Orders worth more than Rs 1000 crore received, shares of infra company surged
Radhakishan Damani has more than 5000000 shares
Veteran investor Radhakishan Damani has placed a big bet on VST Industries. Damani has a total of more than 50 lakh shares of VST Industries. Damani’s personal portfolio has 5,35,185 shares of VST Industries. At the same time, Damani’s investment firm Deriv Trading and Resorts Private Limited has 8,09,602 shares of VST Industries. Damani’s firm Bright Star Investments Private Limited has 40,07,118 shares of VST Industries or 25.95 percent stake in the company. The market cap of VST Industries has now crossed Rs 8100 crore. The promoters’ stake in the company associated with the cigarette and tobacco products industry is 32.16 percent. At the same time, public shareholding in VST Industries is 67.47 percent. It has been continuously giving the gift of dividend to its investors.
This energy company got an order of ₹1423 crore, there was a rush to buy shares
