India's Som Distilleries hits 5-month high on capacity expansion at plant

Som Distilleries and Breweries

08/04/2024 07:35

** Shares of Som Distilleries and Breweries  SDB.NS  rise as
much as 4.5% to 321 rupees, highest since November 7, 2023
    ** SDB marks sharpest intraday pct climb since August 31,
2023
    ** The brewer said it started commercial production with an
increased capacity at its plant in Karnataka state on April 8
    ** Plant's capacity now stands at 140 lakh cases of beer per
annum from 90 lakhs earlier 
    ** More than 1 mln shares change hands, ~2x the 30-day avg 
    ** Stock last up 2.8%; fell in six months through March

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))