Liquor shares rally; Radico Khaitan, Globus Spirits hit 52-week highs

Radico Khaitan, Globus Spirits, GM Breweries and Som Distilleries were up more than 5% on the BSE.

Shares of liquor companies were in focus and rallied up to 18% on the BSE in intra-day trade on the back of heavy volumes.
 

Radico Khaitan, Globus Spirits, GM Breweries and Som Distilleries were up more than 5%, while Empee Distilleries, Tilaknagar Industries, Pioneer Distilleries, United Spirits and United Breweries were up in the range of 2% to 5%. By comparison, the S&P BSE Sensex was up 0.86% at 33,043 points at 13:50 PM.

Radio Khaitan hit a new high of Rs 258, up 18% on the BSE. The trading volumes on the counter more than 10-fold with a