Som Distilleries soars on getting nod from Karnataka Excise Department for supply of premium beer brands

04 Dec 2023 Evaluate

Som Distilleries & Breweries is currently trading at Rs. 298.40, up by 13.05 points or 4.57% from its previous closing of Rs. 285.35 on the BSE.

The scrip opened at Rs. 290.95 and has touched a high and low of Rs. 304.95 and Rs. 284.35 respectively. So far 131408 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 389.80 on 05-Oct-2023 and a 52 week low of Rs. 109.38 on 04-Jan-2023.

Last one week high and low of the scrip stood at Rs. 304.95 and Rs. 283.00 respectively. The current market cap of the company is Rs. 2310.59 crore.

The promoters holding in the company stood at 34.50%, while Institutions and Non-Institutions held 1.33% and 64.18% respectively.

Som Distilleries has received official approval from the Karnataka Excise Department for the supply of its premium beer brands - Hunter, Blackfort and Woodpecker to the state of Tamil Nadu. This milestone approval marks a significant achievement for the company as it expands its reach and introduces its renowned beer brands to new and high consumption markets like Tamil Nadu. 

This approval augurs well as it is in the process of expanding its beer capacity in its Karnataka plant. The Karnataka Excise Department's nod is a testament to the company's adherence to stringent regulatory standards and commitment to producing high-quality and safe beverages.

Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor.


Som Distilleries Share Price

106.40 -3.45 (-3.14%)
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
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.