Som Distilleries and Breweries Ltd is making headlines in the stock market today as its shares have been on an uptrend for the last two straight sessions. The brewery stock is in focus as the board of directors of the company is set to consider and approve a stock split proposal in its meeting scheduled for today.
The stock opened higher today and reached an intraday high of ₹294.50 per share on the NSE, marking a 5 percent increase from its Monday close of ₹281.05. This surge in share price has caught the attention of Dalal Street bulls, who are betting high on Som Distilleries’ rally.
In an exchange filing, Som Distilleries informed investors about the stock split proposal, stating that the board will discuss the subdivision/split of existing equity shares with a face value of ₹5 each. This would be the second stock split for the company in nearly four years, with the last one occurring in 2020 when the face value of shares was subdivided from ₹10 to ₹5 per share.
Investors are eagerly awaiting the outcome of the board meeting, as a positive decision could potentially impact the company’s stock price and market performance. It is advised for investors to consult with certified experts before making any investment decisions.
Stay tuned for more updates on Som Distilleries and Breweries Ltd as the stock split proposal unfolds.
