Multibagger Small-Cap Stock Soars 14%, Hits New Life High, Jumps 70% YTD
By Malvika Gurung
Investing.com — The distilleries stock SOM Distilleries and Breweries (NS:) recorded an all-time high of Rs 216.7/share on Monday and spiked 14.14% in the intraday session, following the company’s partnership with Carlsberg (CSE:) India for its plant in Odisha.
The stock extended its uptrend for the fourth consecutive session on Monday and has jumped 22.25% in the period. So far in the calendar year 2023, Som Distilleries has rallied by an impressive 70%.
The small-cap stock has skyrocketed over 208% in the past one-year period, making it a multibagger. It ended 6.82% higher at Rs 202.8 apiece on Monday.
Som Distilleries soared on Monday after it informed about entering into a strategic tie-up with the renowned brewer Carlsberg India, to leverage the collective strengths, expertise, and resources of both organizations for enhancing the production and distribution of premium beverages in the Odisha region.
As per the partnership details, Som’s state-of-the-art plant in Odisha shall be partly utilized to produce a wide range of world-class beverages, including popular brands from Carlsberg India’s portfolio, stated Som Distilleries in an exchange filing on May 22, 2023.
The said partnership will also lead to a better utilization of capacity of the Odisha plant which is expected to be completed by June 2023.
“With a shared commitment to quality and innovation, this alliance is poised to bring about a positive transformation in the local brewing landscape,” Som Distilleries noted.
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By Malvika Gurung
Investing.com — The distilleries stock SOM Distilleries and Breweries (NS:) recorded an all-time high of Rs 216.7/share on Monday and spiked 14.14% in the intraday session, following the company’s partnership with Carlsberg (CSE:) India for its plant in Odisha.
The stock extended its uptrend for the fourth consecutive session on Monday and has jumped 22.25% in the period. So far in the calendar year 2023, Som Distilleries has rallied by an impressive 70%.
The small-cap stock has skyrocketed over 208% in the past one-year period, making it a multibagger. It ended 6.82% higher at Rs 202.8 apiece on Monday.
Som Distilleries soared on Monday after it informed about entering into a strategic tie-up with the renowned brewer Carlsberg India, to leverage the collective strengths, expertise, and resources of both organizations for enhancing the production and distribution of premium beverages in the Odisha region.
As per the partnership details, Som’s state-of-the-art plant in Odisha shall be partly utilized to produce a wide range of world-class beverages, including popular brands from Carlsberg India’s portfolio, stated Som Distilleries in an exchange filing on May 22, 2023.
The said partnership will also lead to a better utilization of capacity of the Odisha plant which is expected to be completed by June 2023.
“With a shared commitment to quality and innovation, this alliance is poised to bring about a positive transformation in the local brewing landscape,” Som Distilleries noted.