 "Liquor shares in focus: GM Breweries, Radico Khaitan hits 52-week high")
Shares of liquor companies are in focus with most of them trading higher by up 16% on the BSE in otherwise subdued market after reporting a good set of numbers for the quarter ended September 30, 2015 (Q2FY16) and a few positive announcements.
Tilaknagar Industries, Empee Distilleries and Pioneer Distilleries have rallied between 10%-16%, while United Spirits, Radico Khaitan, GM Breweries and Khoday India are up more than 4% each. The S&P BSE Sensex was up 0.17% at 26,604 at 02:15 PM.
Of these, Radico Khaitan (up 5% at Rs 109), GM Breweries (5% at Rs 720) are trading at their respective 52-week highs.
Among the individual stocks, Tilaknagar Industries has soared 16% to Rs 26.85, after hitting intra-day high of Rs 27.70 on the BSE after the company announced that it has entered into a MOU with Three Stills Company to explore opportunities to distribute Scotch whisky in India.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - whisky, brandy, rum, vodka and gin. The company has a market leading position in the southern and western parts of India.
United Spirits has surged 6% to Rs 3,446 after the company posted net profit of Rs 929 crore in Q2FY16 against a loss of Rs 27 crore in the same quarter year ago.
The results has positively impacted by the United Breweries (UBL) divestment during the quarter, which generated Rs 870 crore of free cash that has been used to retire debt and has reduced our net debt position to less than Rs 4,000 crore from over Rs 5,000 crore six months ago, United Spirits said in a press release.
Operating or EBITDA (earnings before interest, tax, depreciation and amortization) margin of 12.52% with 274bps improvement versus last year – driven largely by the related party transactions benefit, it added.
GM Breweries has locked in upper circuit of 5% at Rs 720, also its record high on the BSE. Since October 19, in past 10 trading days, the stock zoomed 59% from Rs 453 after the company reported an over four-fold jump in net profit at Rs 9.43 crore for the quarter ended September 30, 2015 (Q2), on back of strong net sales. The company had profit of Rs 2.33 crore in a year ago quarter.
Tilaknagar Industries, Empee Distilleries and Pioneer Distilleries have rallied between 10%-16%, while United Spirits, Radico Khaitan, GM Breweries and Khoday India are up more than 4% each. The S&P BSE Sensex was up 0.17% at 26,604 at 02:15 PM.
Of these, Radico Khaitan (up 5% at Rs 109), GM Breweries (5% at Rs 720) are trading at their respective 52-week highs.
Among the individual stocks, Tilaknagar Industries has soared 16% to Rs 26.85, after hitting intra-day high of Rs 27.70 on the BSE after the company announced that it has entered into a MOU with Three Stills Company to explore opportunities to distribute Scotch whisky in India.
Tilaknagar Industries is a leading manufacturer of liquor across the major categories - whisky, brandy, rum, vodka and gin. The company has a market leading position in the southern and western parts of India.
United Spirits has surged 6% to Rs 3,446 after the company posted net profit of Rs 929 crore in Q2FY16 against a loss of Rs 27 crore in the same quarter year ago.
The results has positively impacted by the United Breweries (UBL) divestment during the quarter, which generated Rs 870 crore of free cash that has been used to retire debt and has reduced our net debt position to less than Rs 4,000 crore from over Rs 5,000 crore six months ago, United Spirits said in a press release.
Operating or EBITDA (earnings before interest, tax, depreciation and amortization) margin of 12.52% with 274bps improvement versus last year – driven largely by the related party transactions benefit, it added.
GM Breweries has locked in upper circuit of 5% at Rs 720, also its record high on the BSE. Since October 19, in past 10 trading days, the stock zoomed 59% from Rs 453 after the company reported an over four-fold jump in net profit at Rs 9.43 crore for the quarter ended September 30, 2015 (Q2), on back of strong net sales. The company had profit of Rs 2.33 crore in a year ago quarter.
