Radhakishan Damani portfolio stock VST Industries Q3 net profit tanks 32%, shares fall 4%
VST Industries reported nearly 6 percent on-year growth in revenue from operations to Rs 468.42 crore for Q3FY24.
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VST Industries reported nearly 6 percent on-year growth in revenue from operations to Rs 468.42 crore for Q3FY24.
Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%.
The billionaire now owns 32.14% stake in VST Industries, a Hyderabad-based manufacturer of cigarettes.
In the June quarter the benchmark BSE Sensex advanced nearly 10 per cent, while the BSE Midcap and BSE Smallcap jumped 19.57 per cent and 20.94 per cent, respectively.
In the January to March period, Radhakishan Damani's top holding by percentage was in Avenue Supermarts, where, as a promoter, he holds 67.51 percent. However, he has reduced his stake in Avenue Supermarts to 67.51 percent from 67.53 percent—the share price of which fell 16 percent during the three-month period