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Hold VST Industries; target of Rs 3424: ICICI Direct

ICICI Direct recommended hold rating on VST Industries with a target price of Rs 3424 in its research report dated July 31, 2022.

August 02, 2022 / 03:12 PM IST
 
 
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ICICI Direct's research report on VST Industries

VST Industries (VST) is 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 & target of Rs3425 valuing the business 14x FY24 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 -010822 - ic

Broker Research
first published: Aug 2, 2022 03:12 pm

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