Bengaluru, June 26 -- A micro-cap brewer and distiller, known for its alcoholic beverages, saw its stock surge 2 percent today. This jump follows the announcement of an extraordinarily ambitious expansion drive.

The company plans to invest a massive Rs. 1,800 crore, nearly four times its current market value, to significantly boost production capacity for spirits, beer, and craft beer across India and abroad.

Cupid Breweries & Distilleries Limited's stock, with a market capitalisation of Rs. 486.35 crores, rose to Rs. 93.56, hitting the intraday upper circuit of 2 percent from its previous closing price of Rs. 91.73. Furthermore, the stock over the past year has given a return of 264.5 percent.

Capex Plans The company plans to expand p...