Som Distilleries and Breweries share price skyrockets as promoter raises stake in company
Small-cap stock Som Distilleries and Breweries surged nearly 10% in intra-day trade on Thursday, June 5, after promoter Deepak Arora raised his stake in the company by purchasing stock via the open market. An increase in promoter holding is generally viewed as a positive signal, as it reflects the promoters’ confidence in the company’s future…