G M Breweries advances after good Q2 outcome

G M Breweries gained 1.88% to Rs 565 at 09:52 IST on BSE after net profit rose 23.46% to Rs 19.42 crore on 10.33% growth in net sales to Rs 111.73 crore in Q2 September 2018 over Q2 September 2017.

The Q2 result was announced after market hours yesterday, 11 October 2018.

Meanwhile, the S&P BSE Sensex was up 551.03 points or 1.62% at 34,552.18.

On the BSE, 4,509 shares were traded on the counter so far as against average daily volumes of 3,474 shares in the past two weeks. The stock had hit a high of Rs 577.80 and a low of Rs 556.60 so far during the day.

 

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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