Hot Pursuit     07-Oct-16
G M Breweries slumps after announcing Q2 results
G M Breweries tanked 5.59% to Rs 598 at 10:35 IST on BSE after net profit rose 17.9% to Rs 11.12 crore on 6.5% decline in net sales to Rs 87.67 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 6 October 2016.

Meanwhile, the S&P BSE Sensex was down 31.01 points or 0.11% at 28,075.20.

On BSE, so far 24,000 shares were traded in the counter as against average daily volume of 24,618 shares in the past one quarter. The stock hit a high of Rs 609 and a low of Rs 585 so far during the day. The stock had hit a 52-week low of Rs 359.28 on 16 October 2015. The stock had hit a record high of Rs 928.20 on 8 January 2016. The stock had outperformed the market over the past one month till 6 October 2016, advancing 13.12% compared with 3.01% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 2.79% as against Sensex's 3.46% rise.

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

G M Breweries' bottom line growth in Q2 September 2016 was boosted by surge in non-operational income. Other income spurted 4100% to Rs 1.26 crore in Q2 September 2016 over Q2 September 2015.

G M Breweries is engaged in manufacturing and marketing of country liquor.

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