Promoters skin in the game pays off big time: This small cap stock hits a fresh 52 week high on the back of robust performance!

Shares of the company have gained about 5 per cent on Monday.

Som Distilleries and Breweries Limited posted strong revenue in FY23, where revenue of the company grew by more than 120 per cent. The quarterly revenue of the company grew by 79.44 on YoY basis and PAT of the company zoomed by more than 148.31 per cent YoY basis. However, the latest insider trading data of the company shows that the promoter of the company is continuously buying shares of the company and increasing its stake very aggressively.   

Today shares of Som Distilleries and Breweries Limited made a new 52-week high, gaining more than 4 per cent. The stock has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 63.45 on May 06, 2022, to Rs 180.85 on May 05, 2023, an increase of more than 170 per cent. The company has recently completed Rs 100 crore capex and, is expecting a Rs 1,300 crore annual sales.   

Som Distilleries & Breweries is one of the leading alcoholic beverages manufacturers in India engaged in the manufacturing and sale of Beer and Indian Made Foreign Liquor (IMFL). The wholly owned subsidiary, Woodpecker Distilleries and Breweries Private Limited also began commercial production last month of its enhanced beer capacity in Karnataka.