Tilaknagar Industries jumps on launching Monarch Legacy Edition
Tilaknagar Industries is currently trading at Rs. 420.25, up by 8.95 points or 2.18% from its previous closing of Rs. 411.30 on the BSE.
The scrip opened at Rs. 410.10 and has touched a high and low of Rs. 427.50 and Rs. 406.30 respectively. So far 153152 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.70 on 27-Nov-2024 and a 52 week low of Rs. 182.60 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 428.70 and Rs. 343.05 respectively. The current market cap of the company is Rs. 8138.90 crore.
The promoters holding in the company stood at 40.14%, while Institutions and Non-Institutions held 13.59% and 46.26% respectively.
Tilaknagar Industries has launched Monarch Legacy Edition, its first foray into the luxury brandy segment. Founded in 1933, the company has shaped the Indian brandy landscape over the past four decades with iconic offerings like Mansion House Brandy, the world's second-largest-selling brandy. Monarch is the culmination of the company's 90-year legacy and is the only luxury 100% pure grape brandy that blends French and Indian grape spirits, celebrating a unique confluence of Indian and French culture.
This exquisite blend marries French grape spirits, aged up to 8 years, with fine Indian grape spirits from the Sahyadri region of Maharashtra. Monarch is a blend of matured French and Indian grape spirits, both distilled using coal-fired copper pot stills, which are a hallmark of French Cognac craftsmanship.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - Whisky, Brandy, Rum, Vodka and Gin. The company has a leading market position in the southern and western parts of India.