Significant hike in tobacco tax rates have depressed volumes severely in the past, warned analysts
A stable taxation regime augurs well for sustained momentum and volume growth in the cigarette and tobacco business.
Stocks like Aurobindo Pharma, Escorts Kubota, CESC, BSE, Mahindra Lifespace Developers, Cochin Shipyard, Protean eGov Technologies, VST Industries, Jyoti Structures, Central Bank of India, Prakash Industries, and Sterlite Technologies will also be in focus on November 25.
Zodiac Ventures, Reliance Power, GR Infraprojects, Reliance Infrastructure, Satin Creditcare Network, Mphasis, Utkarsh Small Finance Bank, and Vakrangee will also be in focus on September 18.
Indian benchmark indices ended higher amid volatility ahead of the US Fed meeting. Here are some of the stocks that moved the most on September 9.
VST Industries, part of ace investor Radhakishan Damani's portfolio, surged more than 18 percent in the previous session as it marked the record date for the company’s bonus issue.
Stocks like Godfrey Phillips, Deep Industries, RBM Infracon, Granules India and Suven Pharma will also be in focus on Monday.
Indian equity indices ended on weaker note with Nifty around 24850 on September 6 amid selling seen across the sectors. Here are some stocks that moved the most today.
Radhakishan Damani will be among the top winners of VST Industries' bonus issue as the ace investor held 34.7 percent equity stake in the company as of June 30, 2024.
VST Industries' strong margins, improving operation efficiency by shifting base, new capex is expected to drive growth for the company.
The Sensex and the Nifty ended around 0.6 percent lower. The Nifty IT index was worst performing sectoral index, closing 2.43 percent down
Damani holds stake in the company through two entities- Derive Trading and Resorts Pvt. Ltd. and Bright Star Investments Pvt. Ltd.
Damani held 32.89 percent stake in the company as of December 2023. This sale has increased his stake to 35.84 percent.
Sharp selling in frontline banks, FMCG and metals put pressure on the Nifty and the Sensex. All sectoral indices except pharma ended in the red
VST Industries reported nearly 6 percent on-year growth in revenue from operations to Rs 468.42 crore for Q3FY24.
Strong dividend yield, inexpensive valuations and solid return on equity versus peers are the factors working in favour of the stock
SBI Mutual Fund picked additional 2.25 lakh shares at same average price in VST Industries
Except Nifty Pharma, Energy and Metals, all the sectoral indices ended up in the red.