VST Industries On Market Radar After DMart Founder's 1.4% Stake Buy
VST Industries Ltd. was on investor radar after DMart founder Radhakishan Damani bought an additional 1.4% stake in the cigarette maker through open market deals on Jan. 2.
Following the deal, on Tuesday, the stock hit the upper circuit and closed 20% higher, at Rs 4,060.1 apiece. However, on Wednesday, the scrip ended 1.7% lower, at Rs 3,993 per share.
The ace investor mopped up 2.22 lakh shares in the company for an aggregate amount of Rs 75.6 crore, according to the bulk deal data on the BSE.
SBI Mutual Fund also acquired 2.25 lakh shares, which represents a 1.45% stake in the company. DSP Mutual Fund and HDFC Mutual Fund pared their stakes by 1.61% and 1.29%, respectively.
Damani has been steadily increasing his stake in the company over the years, with the first acquisition of a 25.95% stake in March 2016 through his investment vehicle, Bright Star Investments.
Fundamental Check-Ins
VST Industries posted a compounded annual growth rate of 10% between FY16 and FY23. However, the Ebitda margins have decelerated from 26.9% in FY16 to 22.9% in FY23.
In recent quarters, too, the company's margins have continued to slide. On the upside, the company remains debt-free as of Sept. 30, 2023.
Damani's Top Holdings
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
