Liquor shares under pressure; United Spirits, Radico Khaitan down over 5%

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Shares of breweries & distilleries companies such as United Spirits, Radico Khaitan, Associated Alcohols & Breweries, Tilaknagar Industries and Globus Spirits have fallen up to 7% on the BSE after Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced that all liquor shops would be closed across the state in a phased manner. CLICK HERE TO READ FULL REPORT

 
Earlier this month, the Supreme Court said Liquor vends within 500 metres of national and state highways will have to shut down from Saturday, April 1, 2017. CLICK HERE TO READ FULL REPORT.

Among individual stocks, United Spirits, the largest liquor company in India with more than 50% market share, was down 7% to Rs 1,875 on BSE in intra-day trade. Thus far in the month of April, the stock declined 13% as compared to a marginal 0.02% rise in the S&P BSE Sensex.

COMPANY LATEST PREV CLOSE LOSS(%)
RADICO KHAITAN 113.80 124.00 -8.2
UNITED SPIRITS 1891.30 2022.00 -6.5
ASSOC.ALCOHOLS 140.65 148.05 -5.0
GLOBUS SPIRITS 68.90 72.40 -4.8
G M BREWERIES 428.35 449.70 -4.8
TILAKNAGAR INDS. 13.45 14.05 -4.3
PIONEER DISTIL. 161.15 165.30 -2.5
UNITED BREW 749.35 767.15 -2.3
SOM DISTILLERIES 125.15 127.90 -2.2
EMPEE DISTILL. 50.20 51.10 -1.8
PINCON SPIRIT 64.10 65.00 -1.4
PICCADILY AGRO 10.01 10.14 -1.3
JAGATJIT INDS. 58.65 59.35 -1.2


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