 "Brewery shares under pressure; United Breweries, United Spirits down 5%")
Shares of breweries & distilleries companies were under pressure and fallen by up to 8% on the bourses on concerns of liquor bans.
Among the individual stocks, Empee Distilleries dipped 8% to Rs 58 on the BSE. Pioneer Distilleries and Globus Spirits are locked in lower circuit of 5% each at Rs 149 and Rs 63, respectively on the BSE, with no buyers seen on the counters.
United Breweries (Rs 782) and United Spirits (Rs 2,240) too down 5% each.
Tamil Nadu Chief Minister J.Jayalalithaa on Saturday promised introduction of liquor prohibition in the state in phases if her AIADMK is voted back to power. CLICK HERE TO READ FULL REPORT.
The Bihar government last week imposed a complete ban on sale of any kind of liquor in the state.
Among the individual stocks, Empee Distilleries dipped 8% to Rs 58 on the BSE. Pioneer Distilleries and Globus Spirits are locked in lower circuit of 5% each at Rs 149 and Rs 63, respectively on the BSE, with no buyers seen on the counters.
United Breweries (Rs 782) and United Spirits (Rs 2,240) too down 5% each.
Tamil Nadu Chief Minister J.Jayalalithaa on Saturday promised introduction of liquor prohibition in the state in phases if her AIADMK is voted back to power. CLICK HERE TO READ FULL REPORT.
The Bihar government last week imposed a complete ban on sale of any kind of liquor in the state.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%