G. M. Breweries trades higher on reporting marginal rise in Q2 net profit
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G. M. Breweries is currently trading at Rs. 602.45, up by 7.05 points or 1.18% from its previous closing of Rs. 595.40 on the BSE.
The scrip opened at Rs. 603.90 and has touched a high and low of Rs. 610.00 and Rs. 595.00 respectively. So far 1309 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 922.85 on 13-Oct-2021 and a 52 week low of Rs. 503.50 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 650.00 and Rs. 585.10 respectively. The current market cap of the company is Rs. 1105.24 crore.
The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 1.63% and 23.94% respectively.
G. M. Breweries has reported a rise of 3.84% in its net profit at Rs 22.69 crore for second quarter ended September 30, 2022 as compared to Rs 21.85 crore for the same quarter in the previous year. Total income of the company increased by 24.67% at Rs 562.92 crore for Q2FY23 as compared Rs 451.51 crore for the corresponding quarter previous year.
G. M. Breweries is primarily engaged in the manufacturing of country liquor.
