Multibagger update: Small-cap stock jumps over 7 per cent and hits new 52-week high; here’s why!
Shares of the company have gained about 169 per cent in just a year.
On April 19, 2023, Som Distilleries and Breweries Limited informed in the exchange filing that its wholly owned subsidiary, Woodpecker Distilleries and Breweries Private Limited begins commercial production of its enhanced beer capacity in Karnataka.
The newly expanded facility will lead to a better supply of our products across all the distribution points and enable it to take advantage of the peak consumption season of beer.
The company is aggressively expanding its production facility as earlier the company informed about its canning line facility in Bhopal where the company has commenced commercial production. The expanded facilities will further increase product offerings, market share and production capabilities.
Today, the stock made it's new 52-week high. The stock has delivered multibagger returns to its shareholders in just one year. The company’s share price jumped from Rs 63.70 on April 19, 2022, to Rs 171.20 on April 19, 2023, an increase of about 169 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 163.75, with a high and low of Rs 172.75 and Rs 161.45. The stock closed trading at Rs 171.10, up by 7.24 per cent over its previous close of Rs 159.55. The stock has a 52-week high of Rs 172.75 and a 52-week low of Rs 53.58.