Liquor shares under pressure; United Spirits, Radico Khaitan down over 5%

United Spirits, Radico Khaitan, Tilaknagar Industries and Globus Spirits were down up to 7% on BSE

Shares of breweries & distilleries companies such as United Spirits, Radico Khaitan, Associated Alcohols & Breweries, Tilaknagar Industries and Globus Spirits have fallen up to 7% on the BSE after Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced that all liquor shops would be closed across the state in a phased manner. CLICK HERE TO READ FULL REPORT
 

Earlier this month, the Supreme Court said Liquor vends within 500 metres of national and state highways will have to shut down from Saturday, April 1, 2017. CLICK HERE TO READ FULL REPORT.

Among individual stocks, United Spirits, the largest liquor company in India with more than 50% market share, was down 7% to Rs 1,875 on BSE in intra-day trade. Thus far in the month of April, the stock declined 13% as compared to a marginal 0.02% rise in the S&P BSE Sensex.

COMPANY	LATEST	PREV CLOSE	LOSS(%)
RADICO KHAITAN	113.80	124.00	-8.2
UNITED SPIRITS	1891.30	2022.00	-6.5
ASSOC.ALCOHOLS	140.65	148.05	-5.0
GLOBUS SPIRITS	68.90	72.40	-4.8
G M BREWERIES	428.35	449.70	-4.8
TILAKNAGAR INDS.	13.45	14.05	-4.3
PIONEER DISTIL.	161.15	165.30	-2.5
UNITED BREW	749.35	767.15	-2.3
SOM DISTILLERIES	125.15	127.90	-2.2
EMPEE DISTILL.	50.20	51.10	-1.8
PINCON SPIRIT	64.10	65.00	-1.4
PICCADILY AGRO	10.01	10.14	-1.3
JAGATJIT INDS.	58.65	59.35	-1.2