India's Som Distilleries and Breweries jump on Q3 profit

Som Distilleries and Breweries

25/01/2023 04:36

** Shares of liquor manufacturer Som Distilleries and
Breweries  SDB.NS  up as much as 4.97% at 127.70 rupees -
biggest pct rise in almost two months 
    ** Co posted consol profit of 105.2 mln rupees ($1.29
million) this quarter vs losses of 11.3 mln rupees last year 
    ** SDB's consol rev from ops doubled y/y to 3.05 bln rupees
    ** Shares trading above 50-day and 100-day moving averages
since Dec. 15, 2022
    ** Stock set for second consecutive session of increase, if
gains hold  
    ** More than 136,061 shares changed hands by 09:35 a.m. IST
vs 30-day average of 387,450 shares 
    ** Stock has risen ~7% so far in 2023, after gaining for 2
years in a row
($1 = 81.5020 Indian rupees)
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))