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Empee Distilleries spurts on tying up with United Spirits for manufacturing IMFL

27 Aug 2013 Evaluate

Empee Distilleries is currently trading at Rs. 36.35, up by 3.30 points or 9.98 % from its previous closing of Rs. 33.05 on the BSE.

The scrip opened at Rs. 31.60 and has touched a high and low of Rs. 36.35 and Rs. 31.35 respectively. So far 16059 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs. 96.25 on 15-Nov-2012 and a 52 week low of Rs. 29.80 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs. 33.45 and Rs. 29.80 respectively. The current market cap of the company is Rs.69.10 crore.

The promoters holding in the company stood at 69.14% while Institutions and Non-Institutions held 0.07% and 30.79% respectively.

Chennai based Empee Distilleries has entered into an agreement with Bangalore based United Spirits for manufacture of Indian Made Foreign Liquor (IMFL) for distribution in Karnataka. The agreement entered with United Spirits will initially be for a period of three years.

The manufacturing will be undertaken at its unit in Arabhikothanur Village, Kolar district, Karnataka and will improve the top line and Bottom line growth of the Company.

Empee Distilleries started over two decades ago in a small way in Chennai for manufacturing Indian made foreign liquor (IMFL); it has now expanded substantially with state-of-the-art manufacturing facilities not only in Tamil Nadu but also in Kerala, Karnataka and Andhra Pradesh.

Empee Distilleries Share Price

4.52 0.00 (0.00%)
16-Jul-2020 18:01 View Price Chart
Peers
Company Name CMP
United Spirits 1306.75
United Breweries 1522.35
Radico Khaitan 3347.15
India Glycols 963.60
Allied Blenders 573.75
View more..

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