Sakshi Batra does a 3-Point Analysis to find out what went wrong for GM Breweries in Q3 and what's the outlook on the company going forward.
Revenue from operations during the quarter declined 3.9 percent to Rs 119.7 crore year-on-year, company said in its BSE filing.
Headwinds may stay, but profitability is poised for a revival
With an installed capacity of 13.8 crore litres, GM Breweries is the single largest manufacturer of country liquor in Maharashtra.
Given its strong business fundamentals, the stock seems an interesting bet at current levels
Investors need to be mindful of volatility in the midcap space and should capitalise on the weakness
United Spirits share price lost 5.6 percent intraday, GM Breweries dropped 5 percent, United Breweries 3.2 percent and Globus Spirits 1.1 percent while Pincon Spirit was locked at 5 percent upper circuit after the news.
While pure consumption picks GM Breweries and VST Industries are trading at a discount to their respective sector leaders, Muthoot Capital is trading towards the higher end of the financial services spectrum.
Liquor stocks like United Spirits, Radico Khaitan, GM Breweries and Globus Spirits will get astrological support, says Satish Gupta of astrostocktips.
Liquor stocks like United Spirits, United Spirits, Radico Khaitan and GM Breweries will get astrological support, says Satish Gupta of astrostocktips.
Satish Gupta of Astrostocktips is of the view that liquor stocks like United Spirits, Pioneer Distilleries, Radico Khaitan, Khoday India and GM Breweries will get astro support.
Satish Gupta of Astrostocktips is of the view that United Spirits, United Breweries, GM Breweries, Radico Khaitan and Empee Distilleries will get astro support.
Wockhardt | Tech Mahindra | Sagar Cement | Glenmark | Torrent Pharma | Mastek | Piramal Enterprises | GE Power | Indo Borax | Monnet Ispat | Reliance Communications | GM Breweries and Chartered Logistics are stocks, which are in the news today.
According to Satish Gupta of Astrostocktips, liquor stocks like GM Breweries, Jagatjit Industries, Pioneer Distilleries, Som Distilleries and Globus Spirits will get astro support.