5:2 Stock Split Ratio: Som Distilleries & Breweries shares surge over 4%, expert gives 'Buy' call - Check Price Target

5:2 Stock Split Ratio, Som Distilleries Share Price Target: Shares of Som Distilleries & Breweries surged over 4 per cent in the bullish market on Monday. The counter opened at Rs 309.95 and went on to rise as much as 4.44 per cent to touch the day's high of Rs 321. The scrip had closed at Rs 307.35 in the last trading session. 

The surge in share price comes amid reports that Som Distilleries & Breweries will start working with its increased capacity in the Karnataka plant. 

Som Distilleries Share Price Target

According to Zee Business panellist Rakesh Bansal, investors should buy this stock with short term target of Rs 328 and Rs 335.

"The stock is out of a big correction and it has even broken a neckline. Technical stop loss is of Rs 302," Bansal said.

Share Price Target - Rs 328/335

Stop Loss - Rs 299

Som Distilleries Share Price History

The counter has given an 875 per cent return in the last three years and has made investors wealthier by over 100 per cent in one year. The stock has made investors wealthier by over 333 per cent in the last two years. 

Som Distilleries & Breweries Stock Split

Meanwhile, the board of directors of the Som Distilleries & Breweries has approved a stock in the 5:2 ratio i.e. existing equity shares of face value of Rs 5 each will be sub-divided into equity shares of face value of Rs 2 each.

This is the second stock split of  Som Distilleries & Breweries - which is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and IMFL.