Hot Pursuit     07-Jul-17
G M Breweries drops after poor Q1 outcome
G M Breweries lost 2.02% to Rs 458.740 at 10:45 IST on BSE after net profit fell 18.92% to Rs 10.20 crore on 6.14% rise in net sales to Rs 94.50 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 6 July 2017.

Meanwhile, the S&P BSE Sensex was down 51.51 points or 0.16% at 31,317.83. The S&P BSE Small-Cap index was up 33.67 points or 0.21% at 15,823.34.

On BSE, so far 8,267 shares were traded in the counter as against average daily volume of 6,719 shares in the past one quarter. The stock hit a high of Rs 471.40 and a low of Rs 448.25 so far during the day. The stock had hit a 52-week high of Rs 682.55 on 5 October 2016. The stock had hit a 52-week low of Rs 394 on 30 May 2017.

The stock had outperformed the market over the past one month till 6 July 2017, rising 11.86% compared with 0.31% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 4.04% as against Sensex's 5.60% rise. The scrip had also underperformed the market in past one year, sliding 21.29% as against Sensex's 15.32% rise.

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

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

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