India's Som Distilleries up on approval to sell premium beer

Som Distilleries and Breweries

04/12/2023 08:50

** Shares of Som Distilleries and Breweries  SDB.NS  up as much
as 7.1% to 305.2 rupees
    ** Stock posts biggest intraday pct gain since Oct. 26
    ** Liquor maker said it received approval from the Karnataka
excise department for supply of its premium beer brands to the
southern state of Tamil Nadu
    ** Over 788,000 shares change hands by 2:15 p.m. IST, 1.5x
the 30-day moving avg
    ** Stock currently up 5.3%, boosting YTD gains to 151.7% 

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))