India's VST Tillers Tractors up 15% after Q4 profit surge

VST Tillers Tractors

15/05/2023 05:04

** Shares of VST Tillers Tractors Ltd  VST.NS  rise as much
as 14.5% to 2,880 rupees, highest since June 6, 2022 
    ** Agricultural machinery maker on Friday logged ~82% Y/Y
jump in Q4 profit; revenue from ops up 48% 
    ** Co also declared final dividend of 25 rupees per share
    ** If trends hold, stock on track to advance for fifth
consecutive session
    ** Nearly 33,900 shares change hands by 9:24 a.m. IST, 5.1x
the 30-day avg of 6,615 shares - Refinitiv Data
    ** All five analysts covering VST have a "buy" or higher
rating; median PT is 2,705 rupees
    ** Stock up 14.2% YTD as of last close


($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))