G M Breweries hits record high after strong Q3 results

G M Breweries was locked at 20% upper circuit at Rs 1,172.60 at 15:14 IST on BSE after net profit surged 125.3% to Rs 22.30 crore on 20.9% growth in net sales to Rs 117.90 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 4 January 2018.

Meanwhile, the S&P BSE Sensex was up 191.11 points or 0.56% at 34,160.75. The S&P BSE Small-Cap index advanced 0.97%, outperforming the Sensex.

On the BSE, 1.98 lakh shares were traded on the counter so far as against average daily volumes of 30,048 shares in the past one quarter. The stock had hit a high of Rs 1,172.60 so far during the day, which is a record high. The stock hit a low of Rs 1,084.35 so far during the day. The stock had hit a 52-week low of Rs 389 on 31 July 2017.

The stock had outperformed the market over the past one month till 4 January 2018, gaining 32.24% compared with the Sensex's 3.35% rise. The stock had also outperformed the market over the past one quarter, advancing 100.66% as against the Sensex's 7.26% rise. The scrip had also outperformed the market over the past one year, surging 92.76% as against the Sensex's 27.55% rise.

The small-cap company has equity capital of Rs 14.62 crore. Face value per share is Rs 10.

G M Breweries is engaged in manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL).

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