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Hold VST Industries; target of Rs 3425: ICICI Direct

ICICI Direct recommended hold rating on VST Industries with a target price of Rs 3425 in its research report dat April 26, 2022.

April 27, 2022 / 05:07 PM 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 & trading of 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 direct distribution reach of over 1.1 million outlets.


Outlook


We continue to maintain our HOLD rating on the stock. We maintain our Hold rating with a target price of Rs 3425 valuing the business 14x FY24 earnings.


For all recommendations report, click here

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IDBI Capital
first published: Apr 27, 2022 05:07 pm
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