GM Breweries Stock

GM Breweries, Sula Vineyards share prices rallied today after the Maharashtra government announced a sharp hike in state excise duties on liquor, exempting wine and beer from the duty hike

At 1:15 PM, the shares were off highs and were trading 1.60 per cent higher at Rs 921.55. In comparison, BSE Sensex was trading near record levels, up 0.49 per cent at 80,355.87 levels

After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them

The company's operating profit declined 26 per cent year on year at Rs 20.39 crore in Q3FY20, against Rs 27.48 crore in the year-ago quarter.

In the current financial year FY19, the stock has dropped 8 per cent to Rs 724.3 (as of Thursday's close) from Rs 785 on March 28, 2018.