India's SOM Distilleries gains on state permit for beer supply

Som Distilleries and Breweries

29/08/2023 05:58

** Shares of SOM Distilleries & Breweries  SDB.NS  up ~5%,
set for best day since early July
    ** Co says Chhattisgarh state allows beer supply and that it
has started the initial dispatches
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Mar. 9, suggesting bullish trend
    ** Stock's gains takes YTD surge to 174% after a 200% jump
in 2022

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