Som Distilleries shares high on IMFL manufacturing order; jump above 3%
The company on Monday signed a strategic agreement for IMFL manufacturing in Jammu and Kashmir. It will deliver its products to the Canteen Stores Department.
Som Distilleries Share Price: Shares of Som Distilleries got early morning boost as they closed the trading session on BSE on Tuesday higher by 3.05 per cent, or Rs 10.40, at Rs 351.45, after the company signed a strategic agreement for IMFL manufacturing in Jammu and Kashmir.
The stock closed at Rs 341.05 on Monday evening to open the trading session on Tuesday at Rs 349.90 before touching the day's high of Rs 351.85.
In a BSE filing on Monday, the company said, "We are pleased to unveil a strategic contract manufacturing agreement in Jammu and Kashmir for the manufacture of IMFL, further fortifying our commitment to delivering high-quality products to the Canteen Stores Department (CSD).
"This will also lead to a shorter turnaround time for the supply of our products to the northern and border regions of the country. Canteen will deliver to the Stores Department from this manufacturing."
What does Som Group of companies manufacture?
SOM Group has a strong portfolio of brands across the spectrum of spirits, beer, and alcopop.
Established more than three decades ago by Mr. J.K Arora, SOM has been delivering 'value-added, high-quality products'.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.