India's SOM Distilleries rises as unit to start trial production

Som Distilleries and Breweries

26/03/2024 06:10

** Shares of Som Distilleries and Breweries Ltd  SDB.NS 
rise 2.4% to 278.6 rupees
    ** Stock rose as much as 3.7% to session's high of 281.95
rupees 
    ** Shares gain after the alcoholic beverages maker said its
unit is going to start trial production at their facility
located in the southern state of Karnataka on March 30
    ** We have bolstered our production capabilities and
optimized our processes, ensuring that we can meet the increased
demand expected during the peak beer consumption season - SOM
Distilleries 
    ** Stock on track for a third consecutive session of gains,
if trends hold 
    ** Including session's move, SDB stock down 1.9% YTD 
    

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