Tilaknagar Industries jumps on entering into agreement with Mohan Breweries and Distilleries

03 Jun 2013 Evaluate

Tilaknagar Industries is currently trading at Rs. 60.45, up by 0.25 points or 0.42% from its previous closing of Rs. 60.20 on the BSE.

The scrip opened at Rs. 60.75 and has touched a high and low of Rs. 62.00 and Rs. 59.25 respectively. So far 98,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.95 on 04-Jan-2013 and a 52 week low of Rs. 40.30 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 62.30 and Rs. 58.00 respectively. The current market cap of the company is Rs. 736 crore.

The promoters holding in the company stood at 56.26% while Institutions and Non-Institutions held 22.69% and 21.05% respectively.

Tilaknagar Industries (TI), one of the leading players in the Indian alcoholic beverage industry and manufacturers of Indian Made Foreign Liquor (IMFL), has entered into an agreement with Mohan Breweries and Distilleries (MBDL) for assignment of MBDL's trademarks namely, 'Brigadier's No. 1 Brandy' and 'Vorion No. 1' Indian Brandy, for a period of 25 years. These two brands together have posted total volumes of 3.20 million cases for the year ended 31st March 2013.

The transaction is part of TI's ambition to consistently expand and enables TI to increase penetration in the region of Tamil Nadu through enhanced brand presence and geographical reach. Under the terms of the agreement, TI will be utilizing MBDL's manufacturing & bottling facilities and will leverage and further build upon its existing sales and distribution expertise, to grow and tap opportunities present in the region.

Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor players including whisky, brandy, gin, rum and vodka with presence across India. The company manufactures markets and sells more than 40 brands across all price points.

Tilaknagar Inds Share Price

412.05 -7.05 (-1.68%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1545.75
United Breweries 2027.15
Radico Khaitan 2483.85
Allied Blenders 386.90
Globus Spirits 880.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.