Pincon Spirit gains on foraying into Assam with Country Liquor Segment

11 Oct 2017 Evaluate

Pincon Spirit is currently trading at Rs. 64.00, up by 1.50 points or 2.40% from its previous closing of Rs. 62.50 on the BSE.

The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 68.00 and Rs. 64.00 respectively. So far 1,80,000 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. 68.00 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 new geographic in Assam with its Country Liquor Segment (IMIL). Moreover, the company has inked bottling pact with Seven Sisters Trade & Distilleries, EPIP, Amingaon, Guwahati, Assam. Initial roll out of products in the market has already commenced with commendable response.

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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