Hot Pursuit     08-Jan-16
GM Breweries scales record high after stellar Q3 outcome
GM Breweries advanced 4.55% to Rs 1,084.75 at 15:03 IST on BSE after net profit surged 157.4% to Rs 15.57 crore on 17.9% growth in net sales to Rs 92.87 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 7 January 2016.

Meanwhile, the S&P BSE Sensex was up 122.46 points or 0.49% at 24,974.29

On BSE, so far 1.25 lakh shares were traded in the counter as against average daily volume of 28,766 shares in the past one quarter. The stock hit a high of Rs 1,160.25 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,067.25 so far during the day. The stock hit a 52-week low of Rs 96.15 on 7 January 2015. The stock had outperformed the market over the past one month till 7 January 2016, gaining 32.67% compared with 2.66% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 121.97% as against Sensex's 8.08% fall.

The small-cap company has equity capital of Rs 11.70 crore. Face value per share is Rs 10.

GM 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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