Shares of five liquor companies rose 0.95% to 14.25% on BSE after the Centre's lockdown 3.0 that came into effect from Monday (4 May) allowed opening of liquor shops with strict social distancing norms.
GM Breweries (up 14.25%), Radico Khaitan (up 7.72%), United Breweries (up 3.23%), Tilaknagar Industries (up 2.51%) and United Spirits (up 0.95%) advanced.
The extended lockdown entered the third phase from Monday and according to the new set of guidelines issued by the Ministry of Home Affairs (MHA), there are considerable relaxations across the country. Liquor shops have been allowed to reopen in all Red, Orange and Green Zones, but with a set of guidelines.
The Maharashtra government on Sunday allowed the functioning of standalone liquor shops even in Covid-19 affected Mumbai and Pune - both in red zones. Shops selling liquor as well as non-essential goods will have to ensure six-feet distance between two people and not allow more than five people at a time.
Meanwhile, the S&P BSE Sensex slumped 2,002.27 points or 5.94% to close at 31,715.35.
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