Promoter Buying Witnessed: Revenue of this company grew by a whopping 122 per cent; stock hits fresh 52-week high!

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

On Friday, Shares of Som Distilleries and Breweries Limited made a new 52-week high, gaining more than 4 per cent. In the last one month, shares of the company have gained more than 12 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 a Rs 100 crore capex and, is expecting a Rs 1,300 crore annual sales. The promoter of the company is continuously increasing its stake in the company, which also shows the bullishness of the promoter. 

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).        

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On Friday, the stock opened at Rs 176.25, with a high and low of Rs 183.75 and Rs 174. The stock closed trading at Rs 180.85, up by 4.06 per cent.       

The stock has a 52-week high of Rs 183.75 and a 52-week low of Rs 53.58. The company has a ROCE of 15.6 per cent and an ROE of 18.1 per cent with a market capitalisation of Rs 1,389 crore.