logo
Tilaknagar zooms 28% in 1 week. What's driving alcoholic beverage stock?

Tilaknagar zooms 28% in 1 week. What's driving alcoholic beverage stock?

Business Standard11 hours ago
Tilaknagar Industries share price today
Shares of Tilaknagar Industries surged 10 per cent to ₹436.30 on the BSE in Monday's intra-day trade amid heavy volumes after the company announced its fund raising plan. The stock was trading close to its 52-week high of ₹457.30 touched on January 3, 2025.
In the past one week, the stock price of the Indian-Made Foreign Liquor (IMFL) manufacturer has zoomed 28 per cent, as compared to 0.30 per cent decline in the BSE Sensex.
At 10:28 AM; Tilaknagar Industries was quoting 8.6 per cent higher at ₹431, as against 0.39 per cent rise in the benchmark index. The average trading volumes on the counter jumped over three-fold. A combined 8.64 million equity shares representing 4.5 per cent of total equity of Tilaknagar Industries changed hands on the NSE and BSE.
Tilaknagar - Fund raising plan
Tilaknagar Industries on Saturday, July 19, 2025 informed that a meeting of the board of directors of the company will be held on Wednesday, July 23, 2025, inter alia to consider the fund raising plan.
In a regulatory filing, the liquor maker said the board will deliberate on issuing equity shares or a mix of financial instruments, including debentures, warrants, preference shares, or foreign currency convertible bonds. The raise could be executed through multiple channels like public offer, rights issue, preferential issue, qualified institutional placement (QIP), or private placement, depending on market conditions and regulatory permissions.
Favourable Bombay High Court ruling - Tilaknagar Industries
The Bombay High Court has ruled in favour of Tilaknagar Industries, restraining Allied Blenders & Distillers (ABDL) from launching the 'Mansion House' and 'Savoy Club' spirit brands across India.
These orders have not only upheld the ownership and proprietary rights of Tilaknagar Industries under the trademarks Mansion House & Savoy Club, while allowing Tilaknagar Industries to continue its uninterrupted, exclusive use and sale of the brands Mansion House & Savoy Club, but have also restrained other entities such as UTO Nederland B V (UTO) & ABDL from using and/or launching the brand Mansion House & Savoy Club in all of India by protecting exclusive usage rights in favour of Tilaknagar Industries.
ABDL has notified the exchange that they are exploring options to challenge the order in higher court and cannot ascertain any material financial impact at the moment.
Tilaknagar - Management commentary post Q4 results
The company's January to March 2025 quarter (Q4FY25) saw a very strong close to the year; with high volume and value-led growth. Quarterly growth was driven by resumption of strong performance in largest state of Andhra Pradesh (AP), both on year-on-year (YoY) and quarter-on-quarter (QoQ) terms. The Route to Market (RTM) change in AP is completed, and the management expects the company's performance in the state to continue its growth trajectory, in-line with the industry. AP has been well supported by the company's other Southern states, each of which have seen market share improvements.
About Tilaknagar Industries
Tilaknagar Industries (TI) is one of India's leading alcoholic beverage companies. The company has over the years transformed in to a major player in the India Made Foreign Liquor (IMFL) industry having a manufacturing footprint of 19 units across 12 states. TI's brand portfolio straddles multiple categories, featuring two 'Millionaire' brandy brands - Mansion House and Courrier Napoleon- along with a strong presence in whisky, rum, and gin through Mansion House Whisky, Madiraa Rum and Blue Lagoon Gin. Recently, TI has expanded into the luxury segment with Monarch Legacy Edition Brandy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dodla Dairy Q1 net dips to ₹62.8 crore
Dodla Dairy Q1 net dips to ₹62.8 crore

The Hindu

time22 minutes ago

  • The Hindu

Dodla Dairy Q1 net dips to ₹62.8 crore

Dodla Dairy's consolidated net profit declined marginally for the quarter ended June at ₹62.8 crore compared to the ₹65 crore a year earlier. The lower net profit came on more than 10% increase in the revenue from operations to nearly ₹1,007 crore (₹911.59 crore). It was the highest-ever revenue registered by the company and coincided with its highest-ever procurement of 18.7 LLPD. Managing Director Dodla Sunil Reddy said several factors influenced the performance. 'Our Indian operations were impacted due to a shorter summer, resulting in lower sales from summer related VAP products like curd, lassi and ice cream. On the African side, while the business increased in revenue terms, our margins fell due to the focus on capturing higher market share in Kenya with the operations of the new plant in that region,' he said. The impact of these factors became even more pronounced as the performance in the corresponding quarter last year was very strong in both markets across the product portfolio, he said. On Monday, the company's shares declined 7.57% to close at ₹1,337.35 each on the BSE.

Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 pts
Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 pts

The Print

time33 minutes ago

  • The Print

Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 pts

The 50-share NSE Nifty jumped 122.30 points or 0.49 per cent to 25,090.70. The 50-issue index had slid below the 25,000 mark to settle near a month's low on Friday. Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or 0.54 per cent to settle at 82,200.34. During the day, it surged 516.3 points or 0.63 per cent to 82,274.03. Mumbai, Jul 21 (PTI) Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level on Monday following buying in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings. Firm trend in Asian markets and fresh foreign fund inflows also supported the markets. Among Sensex firms, Eternal surged the most by 5.38 per cent post its first quarter numbers. ICICI Bank jumped 2.76 per cent after the company posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. HDFC Bank climbed 2.19 per cent despite the firm reporting a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. Mahindra & Mahindra, Bharat Electronics, Kotak Mahindra Bank and Tata Motors were also among the gainers. However, India's most valuable company Reliance Industries declined 3.29 per cent even after the firm reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. HCL Tech, Hindustan Unilever, Tata Consultancy Services and ITC were also among the laggards. 'Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The initial reaction to earnings from heavyweights like Reliance, ICICI Bank, and HDFC Bank led to sharp swings, Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The market currently reflects a tug-of-war between bulls and bears, with the focus primarily on earnings for further direction, he added. The BSE midcap gauge climbed 0.55 per cent, while smallcap index ended flat, down 0.01 per cent. Among BSE sectoral indices, capital goods jumped 1.33 per cent, bankex (1.28 per cent), financial services (1.26 per cent), metal (0.98 per cent), commodities (0.73 per cent), auto (0.66 per cent) and consumer discretionary (0.63 per cent). Oil & Gas declined 0.70 per cent, FMCG (0.49 per cent), IT (0.30 per cent), BSE Focused IT (0.27 per cent) and teck (0.13 per cent). In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory. Equity markets were closed in Japan for a holiday. European markets were trading lower. The US markets ended on a mixed note on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 374.74 crore on Friday, according to exchange data. Global oil benchmark Brent crude declined 0.48 per cent to USD 68.93 a barrel. On Friday, the Sensex tanked 501.51 points or 0.61 per cent to settle at 81,757.73. The Nifty dropped 143.05 points or 0.57 per cent to close at 24,968.40. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Jane Street to resume trading on NSE, BSE from Tuesday
Jane Street to resume trading on NSE, BSE from Tuesday

Mint

timean hour ago

  • Mint

Jane Street to resume trading on NSE, BSE from Tuesday

Jane Street will be allowed to resume trading on the National Stock Exchange and BSE from Tuesday, nearly three weeks after the US hedge fund was barred from operating in India due to alleged market manipulation. The development follows an update from the Securities and Exchange Board of India late Monday clarifying that Jane Street could resume trading in the country's stock exchanges subject to stipulations laid out in its 3 July interim order, said two people aware of the matter. Jane Street entities will also be allowed to trade on the highly popular index options segment on both the exchanges provided they abide by Sebi's conditions. 'Jane Street will be allowed to trade on NSE effective Tuesday, per Sebi's directions in its interim order, which precludes them (Jane Street entities) from engaging in any manipulative trades alluded to in the order,' said one of the persons mentioned above. Sebi in its interim order barred four Jane Street entities for alleged manipulation of indices such as Bank Nifty and Nifty to make ₹ 43,289 crore on index options between January 2023 and March 2025. Sebi also directed the four Jane Street entities to 'cease and desist from directly or indirectly engaging in any fraudulent, manipulative, or unfair trade practice that may be in breach of its regulations'. In a statement issued 'Jane Street entities have confirmed that they will comply with this,' the regulator said in a press release issued on Tuesday. On 11 July, Jane Street deposited ₹ 4,843.5 crore in an escrow account to be able to resume trading in India, as directed by Sebi, although it has hired law firm Khaitan & Co. to contest the regulator's interim order. Jane Street has said that its trades were in the nature of arbitrage, exploiting price differences in the same underlying index across futures and options on Nifty and Bank Nifty. 'Not all the four entities were active on BSE, but those that were will be enabled to trade on the exchange from tomorrow (Tuesday) under the heightened monitoring surveillance stipulated by Sebi's interim order,' said the person quoted above. NSE, BSE and Sebi didn't immediately reply to Mint's queries. Shares of the listed BSE Ltd jumped almost 3% to ₹ 2,521.3 apiece on Monday before the Sebi update. NSE's unlisted shares rose 2.5-5% to ₹ 2,150-2,200, per Narinder Wadhwa, managing director at SKI Capital, who said demand for the shares had spurted. Mint had reported on 16 July that although Jane Street had met a key requirement to resume operations in Indian markets by depositing over ₹ 4,843 crore, its immediate return to trading wasn't certain amid multiple regulatory hurdles and unprecedented scrutiny. Legal experts cited in the report had said the deposit only served as a safeguard so the alleged illegal gains don't leave the Indian jurisdiction or get dissipated while the investigation continues. In a statement on 21 July, Sebi clarified that its interim order barring Jane Street from trading in the securities market shall cease to apply as the quant trading firm had deposited the alleged illegal gains in an escrow account. Sebi has also directed the stock exchanges to closely monitor any future dealings and positions of Jane Street Group to ensure it does not directly or indirectly indulge in any kind of manipulative activity. Sebi's probe into Jane Street trading is continuing with a final order expected to take months, per one of the people mentioned above.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store