Multibagger stock below Rs 150: This breweries and distilleries company is aggressively expanding its production facility!

Shares of the company have gained about 90 per cent in the last six months.

On April 10, 2023, Som Distilleries and Breweries Limited informed in the exchange filing that the expanded canning line at the Bhopal facility has commenced commercial production. The expanded facility will further increase product offerings, market share and production capabilities. This will also enable the company to take advantage of the peak consumption season of beer.  

The equipment for the plant has been supplied by top-of-the-line European and Indian suppliers. This facility will help the company to supply high-quality beer cans for all its brands across the markets it operates.  

Som Distilleries and Breweries Limited have delivered multibagger returns to its shareholders in just one year. During this period, the company’s share price jumped from Rs 61 on April 1, 2022, to Rs 148 on April 10, 2023, an increase of about 150 per cent in one year holding period.  

Som Distilleries & Breweries is one of the leading alcoholic beverages manufacturers in India engaged in the manufacturing and sale of Beer and Indian Made Foreign Liquor (IMFL).  

Today, the stock opened at Rs 148.05, with a high and low of Rs 150.55 and Rs 147.60. Currently, the stock is trading at Rs 148.50, up by 0.41 per cent over its previous close of Rs 147.90. The stock has a 52-week high of Rs 162.30 and a 52-week low of Rs 53.85.