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HomeNewsBusinessStocksHold VST Industries; target of Rs 3300: ICICI Direct

Hold VST Industries; target of Rs 3300: ICICI Direct

ICICI Direct recommended hold rating on VST Industries with a target price of Rs 3300 in its research report dated January 27, 2023.

January 29, 2023 / 19:08 IST
     
     
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    ICICI Direct's research report on VST Industries

    VST Industries (VST) is a cigarette company in India involved in manufacturing, marketing cigarettes and trading unmanufactured tobacco. The company has two cigarettes manufacturing facilities in Hyderabad, AP. It has five major brands, which includes ‘Total’, ‘Charms’, ‘Moment’, ‘Special’, & ‘Edition’ and a distribution reach of over 1.2 million outlets.

    Outlook

    We continue to maintain our HOLD rating on the stock. We maintain our HOLD rating with a revised target price of Rs 3300 valuing the business at 13x FY25 earnings.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    VST Industries - 27 -01-2023 - ic
    Broker Research
    first published: Jan 29, 2023 07:08 pm

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