{"id":102153,"date":"2023-04-27T14:14:00","date_gmt":"2023-04-27T08:44:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102153"},"modified":"2023-04-27T14:12:24","modified_gmt":"2023-04-27T08:42:24","slug":"rk-damani-stock-declares-annual-results-and-dividend-of-150-per-share","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rk-damani-stock-declares-annual-results-and-dividend-of-150-per-share\/","title":{"rendered":"RK Damani stock declares annual results and dividend of \u20b9 150 per share"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1482100138\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of \u20b9 5048 crores, VST Industries is a small-cap company engaged in the manufacturing and trading of cigarettes containing tobacco and unmanufactured tobacco products.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4058234293\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. He holds 4,741,720 shares that are worth \u20b9 1,559.1 crores. At 01:34 PM on Thursday, the company\u2019s shares were trading at \u20b9 3,281.65 apiece.&nbsp;<\/p><p>The board of directors of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VSTIND\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">VST Industries<\/a><\/strong> in their meeting held on April 25, 2023, recommended a final dividend of \u20b9 150 per share of \u20b9 10 each. The dividend will be dispatched within 30 days from the date of approval of the shareholder at the ensuing Annual General Meeting.&nbsp;<\/p><p>In July 2022, the company paid a dividend of \u20b9 140.00 apiece or 1400% of its face value of \u20b9 10. Moreover, it paid a dividend of \u20b9 114.00 or 1140% of its face value in July 2021.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2802826721\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>VST Industries has a high return on equity of 29.01% and a high dividend yield of 4.27%. The company has paid 22 dividends since 2001.&nbsp;<\/p><p>The company recently reported a total income of \u20b9 405.16 crores for the quarter ended March 31, 2023, as compared to \u20b9 417.70 crores in the corresponding quarter last year, indicating a decline of 3.00%. It posted a net profit of \u20b9 68.70 crores in the latest quarter, down by 21.21% year on year (YoY) from \u20b9 87.19 crores reported in the corresponding quarter last year.&nbsp;<\/p><p>Retail investors hold a 49.33% stake in the company, followed by its promoters with 32.16%, mutual funds with 15.22%, other domestic institutions with 1.65% and foreign institutions with 1.64%.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1715151379\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of \u20b9 5048 crores, VST Industries is a small-cap company engaged in the manufacturing and trading of cigarettes containing tobacco and unmanufactured tobacco products.&nbsp; Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. He holds 4,741,720 shares that are worth \u20b9 1,559.1 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":60131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8797,8847,5183,936,8846,8844,8845,8843],"class_list":["post-102153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-latest-stock-market-news","tag-radhakishan-damani","tag-radhakishan-damani-stocks-to-buy","tag-stock-market-news","tag-vst-industries-dividend-2023","tag-vst-industries-latest-news","tag-vst-industries-q4-rsults","tag-vst-industries-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RK Damani stock declares annual results and dividend of \u20b9 150 per share - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Ace investor Radhakishan Damani holds a whopping 32.89% stake in the company, as per its latest shareholding pattern. 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