GM Breweries hits new lifetime high; zooms over 200% in three-months

The stock soared 254% from Rs 138 to Rs 488 as compared to 7% decline in the CNX Nifty.

GM Breweries has rallied 5% to Rs 488, also its record high on the National Stock Exchange (NSE) in an otherwise volatile market, on back of heavy volumes.

The trading volumes of the counter almost doubled with a combined 155,568 shares changed hands on the NSE and BSE till 12:40 am.

The stock of breweries and distilleries maker soared 254% in past three months from Rs 138 as compared to 7% decline in the CNX Nifty. Thus far in 2015, it zoomed 442% from Rs 91 on the NSE.

The company had reported an over three-fold jump in standalone net profit at Rs 15.89 crore for the quarter ended June 30, 2015 (Q1) against Rs 4.56 crore in the same quarter a year ago. It had reported net profit of Rs 18.63 crore in the entire previous financial year 2014-15.

The company markets its products -- brandy, rum and whisky -- under brand names Pioneer Doctor Brandy, Pioneer Special Doctor Brandy, Hot Shot Rum and Reporter Choice Whisky.