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vst industries shares: VST Industries shares surge 6% after Radhakishan Damani picks stake; D-Mart plunges 3%

Shares of VST Industries shot up over 6% and hit their 52-week high of Rs 4,324.70 on the NSE on Wednesday following an additional 1.44% stake purchase by Radhakishan Damani on Tuesday. The billionaire investor and founder of Avenue Supermarts is already the largest shareholder in the company.

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VST Industries block deal: Radhakishan Damani picks up 1.44% stake in VST Industries via bulk deal

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%.

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vstind: These tobacco and paint stocks can rise up to 7%

Nifty opened weaker and hit a low. It soon got up but was again pushed down by the end of the day.

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