Published on 11/01/2018 12:39:37 PM | Source: Dion Global Solutions Ltd

Som Distilleries hits 52-week high on stake buy

Shares of Som Distilleries & Breweries continued gaining momentum on Thursday and jumped nearly 12 per cent on the Bombay Stock Exchange after Porinju Veliyath along with Equity Intelligence India bought more than 2 per cent stake in the company through open market transaction. Extending previous session rally, stocks of the company gained as much 11.61 per cent to touch 52-week high of Rs 262.90 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 8.04 per cent higher at Rs 254.60 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,467.87, up 34.80 points, or 0.10 per cent, at 12:10 hours.