Associated Alcohols & Breweries trades higher on the BSE

23 Mar 2021 Evaluate

Associated Alcohols & Breweries is currently trading at Rs. 434.35, up by 5.25 points or 1.22% from its previous closing of Rs. 429.10 on the BSE.

The scrip opened at Rs. 429.10 and has touched a high and low of Rs. 441.00 and Rs. 427.25 respectively. So far 38255 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 441.00 on 23-Mar-2021 and a 52 week low of Rs. 122.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 441.00 and Rs. 394.30 respectively. The current market cap of the company is Rs. 786.90 crore.

The promoters holding in the company stood at 58.45%, while Institutions and Non-Institutions held 0.48% and 41.07% respectively.

Associated Alcohols & Breweries (AABL) has finalized the action plan for the expansion of its alcohol manufacturing capacity at its existing distillery complex situated at Khodigram Barwaha by adding the ENA manufacturing of 3 crore liters of alcohol production and looking to the opportunity, the plant will have dual features of both ENA & ethanol manufacturing.

Further along with the project the company is going to set up 8 MW turbine along with boiler. This will make the company power surplus and be capable to meet the in-house power requirements apart from the requirement of its ancillary units (pet bottle manufacturing division). The estimated cost is about 110 crore and expected to be complete by June -2022.

AABL is engaged in the business of bottling vodka and scotch whisky for large reputed international brands. AABL is also one of the only liquor companies bottling single malt scotch whisky (Glen Drummond) for the leading liquor group Mason & Summers.

Assoc Alcohols &Brew Share Price

1104.85 28.85 (2.68%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1545.10
United Breweries 1999.55
Radico Khaitan 2467.90
Allied Blenders 406.50
Globus Spirits 899.80
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