Shares of VST Industries were up 3% at Rs 1,751 on the Bombay Stock Exchange after the company announced robust net profit for the quarter ended March 31, 2016.
Net profit for the March 2016 quarter increased 19% to Rs 49.3 crore compared with Rs 41 crore while total income increased 23% to Rs 270 crore against Rs 219 crore in the corresponding quarter ended March 31, 2015.
Meanwhile, the board of directors at its meeting held on April 20 proposed a final dividend of Rs. 70/- per equity share of Rs. 10/- each.
The stock opened at Rs 1671 and touched a high of Rs 1,837. At 12pm, over 15,400 shares were traded on both the stock exchanges.
