From Rs 35 to Rs 117: This multibagger alcohol stock rallied 234 per cent in less than six months!
After hitting a 5 per cent upper circuit during Friday’s session, the stock recorded a fresh 52-week high of Rs 116.90 per share on NSE
The shares of Som Distilleries & Breweries Limited are on a high in 2022. The company’s stock has skyrocketed 234 per cent over the last six months. From Rs 35.60 on February 24 to Rs 116.90 on September 30, the scrip soared like a phoenix from the ashes!
After hitting a 5 per cent upper circuit during Friday’s session, the stock recorded a fresh 52-week high of Rs 116.90 per share on NSE.
Based in Bhopal, Som Distilleries & Breweries is one of the leading alcoholic beverage manufacturers in India. The company is primarily engaged in the production of beer, blending, and bottling of IMFL. It offers a broad line of products at every price point to cater to the varied preferences of consumers. The product portfolio consists of various options across beer, rum, brandy, vodka, and whisky.
The company has three key millionaire brands (i.e. with sales of more than one million cases per annum) – Hunter, Black Fort, and Power Cool.
The company commands approximately 2 per cent market share in the Indian beer market and has immense potential to grow the market share by enhancing its penetration across India.
Its revenue from operations for Q1FY23 grew by 407 per cent to Rs 254.30 crore, which is the highest-ever reported for a quarter.
The company’s management team is confident of continuing the positive trend for the remaining part of the current fiscal year.
Investors should watch out for this trending alcohol stock, which is gaining traction on the bourses!