Pincon Spirit touches roof on tying-up with Metro Cash and Carry

06 Oct 2017 Evaluate

Pincon Spirit is currently locked at its upper circuit limit of Rs. 51.70, up by 2.45 points or 4.97% from its previous closing of Rs. 49.25 on the BSE.

The scrip opened at Rs. 49.50 and has touched a high and low of Rs. 51.70 and Rs. 49.50 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.30 on 25-Jan-2017 and a 52 week low of Rs. 42.15 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 52.25 and Rs. 49.00 respectively. The current market cap of the company is Rs. 227.92 crore.

The promoters holding in the company stood at 32.82%, while public held 67.18% stake in the company.

Pincon Spirit has entered into tie-up with retail outlets of Metro Cash and Carry for selling and distribution of its edible oil - Pincon Mustard Oil and Pincon Soya Oil.

Earlier in August, the company had entered into tie-up with 26 retail outlets of Spencer’s Retail for selling and distribution of its edible oil - Pincon Mustard Oil and Pincon Soya Oil.

Pincon Spirit is engaged in the business of Blending, Bottling and Wholesale Distribution of Indian Made Foreign Liquor (IMFL) Products viz. Rum, Whisky, Vodka, Brandy and Beer (alcoholic beverage).


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