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Following the stay order, the company said normal operations have resumed at the firm’s plant. There have been allegations that child labour is used at Som Distilleries.
Police are investigating the use of child labour at the distillery in Madhya Pradesh state after the federal government's National Commission for Protection of Child Rights said last month it had found 58 children working illegally at the factory.
Among sectors banks, capital goods, power, realty, energy, information technology and PSU banks were major gainers while metals, pharma and FMCG ended lower.
The Nifty auto index was the biggest gainer on a day of new highs, ending 2 percent above the previous day’s closing price. Realty and energy indices were the other big gainers
Among sectors, bank, power, information technology were up 0.5-1 percent, while PSU bank and oil & gas indices were down 0.7 and 1.6 percent
The company, which manufacturers beer such as 'Hunter' and 'Power Cool', didn't disclose any figures
The company said that the board of Som Distilleries has authorised the opening of the Issue on October 5 and approved a floor price of Rs 349.24 a share for the Issue
Concerns over rising deposit rates appeared to have eased somewhat, and investors seem to be turning hopeful about corporate demand picking up
The stock has given a return of 40.25 percent since the start of 2023, outperforming the Sensex, which has lost 3.10 percent during the period
