Pincon Spirit stock jumped 4% after the company said that it has entered into a bottling tie-up with SDF Industries based in Palakkad, Kerala for their brands Ultra Force Rum, Ruby Gold Brandy, Pincon Rum/brandy and King’s Coin Rum/brandy.
Kerala State Beverages Corporation board has given the clearance and the company’s products shall be rolled out in first week of November 2017. The company is expecting sale of 3 lakh cases in the year ending FY 2018.
Pincon Spirit Ltd is currently trading at Rs 63.65, up by Rs 1.9 or 3.08% from its previous closing of Rs 61.75 on the BSE.
The scrip opened at Rs 62.2 and has touched a high and low of Rs 65.6 and Rs 62.2 respectively. The stock is currently trading above its 200 DMA.
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Pincon Spirit rose 4.48% to Rs 65.30 at 11:30 IST on BSE after the company said that it has entered into new geography in Assam with its country liquor segment.
The announcement was made during market hours today, 11 October 2017.
Meanwhile, the S&P BSE Sensex was up 126.66 points or 0.4% at 32,051.07. The S&P BSE Small-Cap index advanced 89.40 points or 0.53% at 16,981.90, outperforming the Sensex’s gains.
On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 1.35 lakh shares in the past one quarter. The stock had hit a high of Rs 68 and a low of Rs 64.20 so far during the day. The stock had hit a 52-week high of Rs 80.30 on 25 January 2017 and a 52-week low of Rs 42.15 on 22 August 2017.
The stock surged 32.58% in four sessions to its ruling price from a close of Rs 49.25 on 5 October 2017.
The stock had outperformed the market over the past one month till 10 October 2017, gaining 12.82% compared with the Sensex’s 0.75% rise. The stock had, however, underperformed the market over the past one quarter, falling 13.01% as against the Sensex’s 0.66% rise. The scrip had also underperformed the market over the past one year, dropping 17.27% as against the Sensex’s 13.68% rise.
The small-cap company has equity capital of Rs 44.09 crore. Face value per share is Rs 10.
Pincon Spirit said that it has entered into new geography in Assam with its country liquor segment (IMIL). Bottling tie up has been made with Seven Sisters Trade & Distilleries, EPIP, Amingaon, Guwahati, Assam.
Initial roll out of products in the market has already commenced with commendable response, the company said.
Meanwhile, Purshottam Investofin sold 2.35 lakh shares of Pincon Spirit to Shreyans Logistics at Rs 62.50 per share in a bulk deal on the BSE on 10 October 2017.
Net profit of Pincon Spirit rose 30.6% to Rs 11.92 crore on 26.3% rise in net sales to Rs 390.62 crore in Q1 June 2017 over Q1 June 2016.
Pincon Spirit is a liquor company. The company is engaged in carrying on the business of blending, bottling and wholesale distribution of Indian made Indian liquor (IMIL).
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Pincon Spirit is buzzing in trade as the company has tied-up with Metro Cash and Carry to sell and distribute edible oil. In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke about the latest happenings in his company and sector.
Pincon Spirit is buzzing in trade as the company has tied-up with Metro Cash and Carry to sell and distribute edible oil.
In an interview to CNBC-TV18, Arup Thakur, CFO of Pincon Spirit spoke about the latest happenings in his company and sector.
Edible oil contributes almost 20-25 percent to company’s topline, he said.
We expect that this tie-up should give us a good contribution, he added.
We have expanded our capacity and we are modernising the part of the plant
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The company has entered into tie-up with retail outlets of Metro Cash and Carry for selling and distribution of its edible oil viz. Pincon Mustard Oil and Pincon Soya Oil.
Shares of Pincon Spirit has locked at 5 percent upper circuit as it has entered into tie-up with Metro Cash and Carry.
The company has entered into tie-up with retail outlets of Metro Cash and Carry for selling and distribution of its edible oil viz. Pincon Mustard Oil and Pincon Soya Oil.There were pending buy orders of 70,267 shares, with no sellers available.
The share touched its 52-week high Rs 80.30 and 52-week low Rs 42.15 on 25 January, 2017 and 22 August, 2017, respectively.
At 11:56 hrs Pincon Spirit was quoting at Rs 51.70, up Rs 2.45, or 4.97 percent on the BSE.
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Located at Kolkata
Pincon Spirit has taken over 5 (Five) numbers Liquor Retail Outlets viz. M/s. Rajbalhat Restaurant cum Bar, Janai F L, B. M. Stores, Deb Marchant and S. N. Pramanick C. S. which are situated at different prime locations in Kolkata. This step is an edge towards own brand emerging sales through retail outlets only.
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the company announced that it has entered into a tie-up with 26 retail outlets of Spencer’s Retail for selling and distribution of its edible oil viz. Pincon Mustard Oil and Pincon Soya Oil.
This expansion of market will allow Pincon FMCG products to reach wider consumer market and establish itself as premium brand in Edible Oils Segment. The company expect a huge response with this tie-up and grow its sales turnover and net profit.