G M Breweries tumbles after weak Q3 outcome

G M Breweries fell 11.48% to Rs 641.15 at 13:52 IST on BSE after net profit declined 25.07% to Rs 16.71 crore on 5.64% rise in net sales to Rs 124.55 crore in Q3 December 2018 over Q3 December 2017.

The result was announced after market hours yesterday, 3 January 2019.

Meanwhile, the S&P BSE Sensex was up 130.55 points, or 0.37% to 35,644.26.

On the BSE, 75,000 shares were traded in the counter so far compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 681.05 and a low of Rs 630 so far during the day. The stock hit a 52-week high of Rs 969.60 on 8 January 2018. The stock hit a 52-week low of Rs 495 on 25 October 2018.

 

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages.

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