Som Distilleries & Breweries Ltd to benefit from MP Government's policy

As per the revised Madhya Pradesh Government Excise Policy effective from 1.4.2022, the Country Liquor shops in the State shall also be allowed to sell Beer. This will lead to an exponential increase in the point of sale for Som Distilleries & Breweries Limited's products.

Due to the above factors and the receding trend of Corona cases the company expects increased sales for the company in the FY 22-23.

Shares of Som Distilleries & Breweries Limited was last trading in BSE at Rs. 61.45 as compared to the previous close of Rs. 62.55. The total number of shares traded during the day was 61166 in over 446 trades.

The stock hit an intraday high of Rs. 65.00 and intraday low of 61.10. The net turnover during the day was Rs. 3850196.00.

Source : Equity Bulls

Keywords

SomDistilleriesandBreweries INE480C01020 SDBL MadhyaPradeshGovernment ExcisePolicy ImprovedBusiness