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Empee Distilleries slumps on profit booking

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Capital Market
Last Updated : Dec 09 2015 | 4:02 PM IST

Empee Distilleries lost 10.64% to Rs 97.40 at 15:06 IST on BSE, with the stock sliding on profit booking after a recent steep rally.

Meanwhile, the S&P BSE Sensex was down 292.65 points or 1.16% at 25,017.68

On BSE, so far 3.61 lakh shares were traded in the counter as against average daily volume of 84,638 shares in the past one quarter.

The stock hit a high of Rs 114.75 and a low of Rs 96.85 so far during the day. The stock had hit a 52-week high of Rs 115.85 yesterday, 8 December 2015. The stock had hit a record low of Rs 22.05 on 27 March 2015.

The stock had outperformed the market over the past one month till 27 November 2015, jumping 127.56% compared with 4.13% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 217.78% as against Sensex's 0.39% decline.

The small-cap liquor maker has equity capital of Rs 19.01 crore. Face value per share is Rs 10.

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Shares of Empee Distilleries were on a roll recently, surging 47.79% in five trading sessions to settle at Rs 109 yesterday, 8 December 2015 from a recent low of Rs 73.75 on 1 December 2015.

Empee Distilleries reported net profit of Rs 4.91 crore in the quarter ended 30 September 2015 as compared to net loss of Rs 3.65 crore in the quarter ended 30 September 2014. Net sales rose 34.9% to Rs 175.23 crore in the quarter ended 30 September 2015 over the quarter ended 30 September 2014.

Empee Distilleries' principal activity is manufacture and sale of Indian Made Foreign Liquor (IMFL).

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First Published: Dec 09 2015 | 3:21 PM IST

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