traded at ₹591.50, down 0.73 per cent from Tuesday’s close of ₹595.85, despite announcing record-breaking sales figures for its flagship Indri single malt whisky brand.
The stock opened higher at ₹602 and touched an intraday high of ₹604.05 before declining to current levels. Trading volume stood at 0.27 lakh shares worth ₹1.62 crore as of 11.45 AM today.
The company announced that Indri sold 2.04 million bottles (1.70 lakh cases) in 2024, making it India’s largest-selling single malt and the fastest-growing globally for the second consecutive year. The International Wine & Spirits Record crowned Indri as the “Number 1 Malt Whisky in India.”
Domestic sales accounted for 1.24 lakh cases while exports contributed 46,000 cases. CEO Praveen Malviya attributed the success to liquid quality and Indian ingredients, expressing confidence in achieving top-five global single malt status.
The distillery and sugar manufacturer’s market capitalization stands at ₹5,580 crore with free float at ₹1,318 crore. The stock has traded between a 52-week high of ₹700 (August 5) and low of ₹569.10 (July 14).
Despite the sales milestone announcement, selling pressure exceeded buying interest with 19,423 shares in sell queue against 13,452 in buy queue, indicating cautious investor sentiment.