This Radhakishan Damani-owned stock has zoomed 16% on bonus issue plan

Shares of VST Industries hit a 52-week high of Rs 4,784.45, rallied 16% after the company said its board may consider issue of bonus shares in the forthcoming meeting on Thursday, July 25, 2024.

Shares of VST Industries (VST) hit a 52-week high of Rs 4,784.45, as they rallied 16 per cent on Friday, recording its sharpest intra-day rally in recent past after the company announced a maiden bonus issue plan.

In exchange filing, VST informed that a meeting of the board of directors of the company will be held on Thursday, July 25, 2024 inter-alia to consider and approve the unaudited financial results of the company for the quarter ended June 30, 2024 (Q1FY25). The board may consider issue of bonus shares in the aforesaid board meeting, VST said.