Som Distilleries: SEBI RA Sanyam Vaish Sees Over 20% Upside After Classic Cup And Handle Breakout

The stock, already up 53% year-to-date, is seen as a momentum play. Further gains are likely if volumes persist above ₹165, according to the analyst.

Som Distilleries shares rose over 3% on Wednesday, taking its monthly gain to nearly 10%. 

SEBI-registered analyst Sanyam Vaish identified a textbook ‘cup and handle’ breakout pattern in this stock.

He highlighted that Som Distilleries stock formed a 10-month cup with a slow, rounded bottom, followed by a tight handle just below ₹150, which presents a low-risk entry point. The breakout took place above its neckline with strong volumes and no overhead supply, and hence, the stock appears to have a clear upside potential. The base formation has been orderly, which shows possible accumulation by institutional investors. 

Vaish recommends a swing to medium-term trade on Som Distilleries. He suggests buying between ₹160 and 164, with a stop loss at ₹148, just below the handle’s low. The upside targets of ₹180 and ₹195 indicate a potential 20-25% upside with a strong risk-reward profile.

Vaish advises traders to watch for a consolidation or retest around ₹155–160, which could offer a high-probability entry. He expects a further rally if the stock continues to show strength above ₹165 with volumes. 

He considers Som Distilleries to be a strong momentum play.

Earlier in June,  promoter Deepak Arora raised his stake in the company by purchasing stock via the open market. According to a filing shared on the exchanges, the overall promoter holding in the company has risen to 39%. 

Data on Stocktwits shows that retail sentiment has remained ‘neutral’ on this counter for a month. 

Som Distilleries' stock has rallied 53% year-to-date. 

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