India's GM Breweries up on Q1 profit rise

G M Breweries

09/07/2024 08:15

** Shares of GM Breweries  GMBR.NS  rise as much as 4.2% to
945 rupees
    ** Alcohol maker reports 25.3% Y/Y rise in Q1 profit while
rev from ops rose 3.7% Y/Y
    ** Stock on track for a third consecutive session of gain,
if trend holds
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since June 5
    ** Trading vol 1.1x 30-day daily avg
    ** Stock rose 25.2% in June quarter vs fall of 10.1% in
March quarter
    ** Stock last up 3.5% pushing YTD gains to 66.4%




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))