52-Week High Alert: Shares of this small-cap company surged over 13 per cent as it announces strategic tie-up with Carlsberg!
The stock gave multibagger returns of 271.95 per cent from its 52-week low of Rs 58.26 per share.
On Monday, shares of Som Distilleries & Breweries Ltd surged 13.78 per cent to an intraday high of Rs 216.70 per share. At 03:30 pm, shares of the company ended the day in the green, up 5.80 per cent to Rs 201.50 per share.
Som Distilleries & Breweries announce its strategic tie-up with Carlsberg India Private Limited (Carlsberg) a renowned name in the brewing industry for the Odisha plant. The partnership aims to leverage the collective strengths, expertise, and resources of both organizations to enhance the production and distribution of premium beverages in the Odisha region.
Under this strategic tie-up, Som’s state-of-the-art plant in Odisha will be partly utilized to produce a wide range of world-class beverages, including popular brands from Carlsberg India Private Limited's portfolio. This tie-up will also lead to better capacity utilisation of the expanded capacity of the Odisha plant which is expected to be completed by June 2023.
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Som Distilleries & Breweries Ltd. is one of the leading alcoholic beverages manufacturers in India engaged in the manufacturing and sale of Beer and Indian Made Foreign Liquor (IMFL).
Som Distilleries & Breweries Ltd. is one of the leading alcoholic beverage manufacturers in India. In Q4FY23, net sales increased per cent and net profit increased per cent over Q4FY22. The net sales increased per cent and net profit increased per cent in FY23 over FY22.
On April 13, 2023 the company traded ex-rights issue in the ratio of 10:211 with an issue price of Rs 140 per share. The shares of the company saw a spurt in volume by more than 5.96 times on BSE.
The stock gave multibagger returns of 271.95 per cent from its 52-week low of Rs 58.26 per share. Investors should keep an eye on this small-cap stock.