Som Distilleries jumps on starting commercial production on increased capacity at Karnataka plant
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Som Distilleries Breweries & Wineries is currently trading at Rs. 314.15, up by 6.80 points or 2.21% from its previous closing of Rs. 307.35 on the BSE.
The scrip opened at Rs. 309.95 and has touched a high and low of Rs. 321.00 and Rs. 303.65 respectively. So far 113027 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 389.80 on 05-Oct-2023 and a 52 week low of Rs. 142.43 on 10-Apr-2023.
Last one week high and low of the scrip stood at Rs. 321.00 and Rs. 265.30 respectively. The current market cap of the company is Rs. 2465.04 crore.
The promoters holding in the company stood at 34.73%, while Institutions and Non-Institutions held 1.07% and 64.20% respectively.
Som Distilleries has commenced commercial production from April 8, 2024 on the increased capacity at its Karnataka plant. After the increase, its capacity now stands at 140 lakh cases of beer per annum from the 90.00 lakh capacity installed earlier. With this strategic initiative, it will be able to caters to increased demand from Karnataka as well as meet the requirements of the neighboring states like Kerala, Pondicherry etc.
Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor.
