India's Som Distilleries heads for worst week since Dec 2022; Radico Khaitan gains

Som Distilleries and Breweries

21/06/2024 09:33

** Shares of India's Som Distilleries and Breweries  SDB.NS 
off ~1% on the day and have tumbled 10.4% so far this week
    ** Stock set for their worst week since late Dec 2022  
    ** A report that Som employed child labour at a distillery
sparked police probe and authority threat to impound plant 
    ** Beer and spirits maker SDB says plant is run by associate
pvt firm; adds no govt dept has taken action on the company
    ** Rampur single malt maker Radico Khaitan's  RADC.NS 
nearly 5% jump this week is the most among Som's rivals
    ** Kingfisher beer maker United Breweries  UBBW.NS  has
fallen 1.2% this week
    ** Johnnie Walker whiskey maker United Spirits  UNSP.NS  is
little unchanged

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))