Som Distilleries surges by 11.61 per cent post buying by ace investor

Shares of Som Distilleries & Breweries surge after bulk buying by the leading investor Porinju Veliyath on Thursday.

The founder of Equity Intelligence India, Mr  Veliyath has bought 1,50,000 shares of the small cap  company on BSE at Rs.197 per share on Wednesday, which made the stock rose to 11.61 per cent  and touched a days high of  Rs.262.90 on BSE.

Another 5 lakh shares has been bought by EQ India Fund as shown in the NSE data.

Mr. Porinju has  however warned amateur investors not to chase the stocks just because they are being bought by the big investors as there are lot of opportunities available in market.

In addition to this rallied stock, Tata Cofee and  Tata Global Beverages are in the top bets for 2018, as informed to the bourse by Mr. Porinju Veliyath.