Som Distilleries -; Breweries to benefit from MP govt's excise policy; Stock soars 5%

5 Apr 2022 , 10:41 AM

Som Distilleries & Breweries Ltd has informed to the stock exchanges that as per the revised Madhya Pradesh Government Excise Policy effective from April 01, 2022, the Country Liquor shops in the State shall also be allowed to sell Beer.

This will lead to an exponential increase in the point of sale for our products, said company in a regulatory filing.

It further added, due to the above factors and the receding trend of Corona cases we expect increased sales for the company in the FY 22-23.

At around 10:42 AM, Som Distilleries & Breweries was trading at Rs67.70 apiece up by Rs3.2 or 4.96% against its previous closing of Rs64.50 apiece on the BSE.