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Liquor stocks on a high; Tilaknagar Ind surges 14 pc

Press Trust of India  |  New Delhi 

stocks today rose up to 14 per cent after the Supreme gave its nod to administration denotifying some to allow sale of from vends located within 500 metres of the roads.

of soared 13.73 per cent, Globus Spirits went up by 4.77 per cent and Pioneer Distilleries gained 2.84 per cent on

rose by 1.16 per cent, and Breweries 0.93 per cent and and Breweries 0.59 per cent.

The apex had in December last year banned sale of within 500 metres of state and national across the nation from April 1 this year.

However, it had on July 4 clarified that the idea behind its verdict was that a driver should not be under the influence of liquor at places where there is high-speed traffic.

The Supreme yesterday gave its nod to administration's notification denotifying some to allow continued sale of liquor from vends within 500 metres of the roads.

In a relief to Arunachal Pradesh and Andaman and Nicobar Islands, the apex court today relaxed the 500 metre cap on liquor vends across the national and state highways there.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 20:07 IST