Multibagger stock below Rs 150: This breweries and distilleries company commenced trial production at the new facility!

Shares of the company have gained about 95 per cent in last six months.

On March 23, 2023, Som Distilleries and Breweries Limited informed in the exchange filing that the company has commenced trial production at the newly expanded canning facility at the Bhopal Plant of our company. The equipment for the plant has been supplied by top-of-the-line European and Indian suppliers. This facility will help the company to supply high-quality beer cans for all our brands across the markets it operates.

The increased capacity will also help in gaining additional market share for its brands. And commercial production is expected to start within the next fortnight.

Som Distilleries and Breweries Limited have delivered multibagger returns to its shareholders in just one year. During this period, the company’s share price jumped from Rs 54.15 on March 24, 2022, to Rs 136.60 on March 24, 2023, an increase of about 150 per cent in one year holding period.

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).

Today, the stock opened at Rs 135.85, with a high and low of Rs 137.40 and Rs 135.75. The stock is currently trading at Rs 137, down by 1.33 per cent over its previous close of Rs 135.20. The stock has a 52-week high of Rs 151 and a 52-week low of Rs 53.10.