India's Som Distilleries and Breweries rises on trial production for enhanced beer capacity

Som Distilleries and Breweries

05/04/2023 07:55

** Shares of Som Distilleries and Breweries Ltd  SDB.NS 
rise as much as 4.8% to 161.5 rupees
    ** SDB up 3.4% as of 12:20 p.m. IST, set to rise for a
fourth straight session if gains hold
    ** Co announces start of trial production for its enhanced
beer capacity at Hassan plant in Karnataka
    ** Co expects commercial production to start within next
fortnight
    ** Stock has been above its 50-day, 100-day, and 200-day
simple moving avgs for nearly a month, indicating bullish
sentiment
    ** More than 1 mln shares traded by 12:09 p.m. IST, 1.8x
30-day avg; volume above 1 mln for three straight sessions
    ** Stock extends YTD gains to ~33%, after gaining ~200% in
2022

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))