Som Distilleries & Breweries rises on getting approval for supply of IMFL brands in Rajasthan

Som Distilleries Breweries & Wineries is currently trading at Rs. 337.20, up by 1.65 points or 0.49% from its previous closing of Rs. 335.55 on the BSE.

The scrip opened at Rs. 341.85 and has touched a high and low of Rs. 344.05 and Rs. 335.00 respectively. So far 12864 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 360.50 on 01-Aug-2023 and a 52 week low of Rs. 86.12 on 23-Aug-2022.

Last one week high and low of the scrip stood at Rs. 360.50 and Rs. 312.35 respectively. The current market cap of the company is Rs. 2606.38 crore.

The promoters holding in the company stood at 34.47%, while Institutions and Non-Institutions held 1.23% and 64.31% respectively.

Som Distilleries & Breweries has received approval for supply of its Indian Made Foreign Liquor (IMFL) brands in Rajasthan. With this milestone achievement, the company is poised to make a significant impact in the vibrant and dynamic liquor market of Rajasthan. Previous approval of only selling beer would now have an additional stream of IMFL sales which will complement and support each other. This portfolio shall have a meaningful impact on the topline and bottomline of the company in the medium term.

Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor.