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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