Pincon Spirit advances on tying-up with SDF Industries

13 Oct 2017 Evaluate

Pincon Spirit is currently trading at Rs. 63.90, up by 2.15 points or 3.48% from its previous closing of Rs. 61.75 on the BSE.

The scrip opened at Rs. 62.20 and has touched a high and low of Rs. 65.60 and Rs. 62.20 respectively. So far 75,000 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. 55.50 respectively. The current market cap of the company is Rs. 281.71 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 a bottling tie-up with SDF Industries, Palakkad for their brands Ultra Force Rum, Ruby Gold Brandy, Pincon Rum/ brandy and King's Coin Rum / brandy. Kerala State Beverages Corporation (SBCL) board has given the clearance and the company’s products shall be rolled out in 1st week of November, 2017. The company is expecting sale of 3 lakh cases in current FY 2017-18.

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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