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G M Breweries hits 52-week high

Capital Market 

G M Breweries was up 2.82% to Rs 695 at 12:46 on BSE, with the stock extending Wednesday's rally triggered by the company reporting strong Q2 September 2017

Meanwhile, the S&P Sensex was up 102.78 points or 0.32% at 31,936.77. The S&P Small-Cap index advanced 116.87 points or 0.7% at 16,827.63.

On the BSE, 1.49 lakh shares were traded on the counter so far as against the average daily volumes of 11,342 shares in the past one quarter. The stock had hit a high of Rs 747 so far during the day, which is a 52-week high. The stock hit a low of Rs 687.55 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 11 October 2017, surging 56.49% compared with the Sensex's 0.15% fall. The stock had also outperformed the market over the past one quarter, gaining 44.19% as against the Sensex's 0.27% rise. The scrip had also outperformed the market over the past one year, advancing 14.85% as against the Sensex's 13.36% rise.

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

Shares of G M Breweries have risen 23.38% in two trading sessions from its close of Rs 563.30 on 10 October 2017, after the company reported strong Q2 after market hours on 10 October 2017. The stock had rallied by the maximum permissible level of 20% to settle at Rs 675.95 yesterday, 11 October 2017.

G M Breweries' net profit rose 41.5% to Rs 15.73 crore on 15.5% growth in net sales to Rs 101.27 crore in Q2 September 2017 over Q2 September 2016.

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 12:46 IST