Liquor stocks in focus; Radico Khaitan,GM Breweries surge over 5%

According to the Union Home Ministry notification, the liquor shops will be allowed to open in all the three zones and will not be allowed in containment zones across the country.

Shares of breweries & distilleries companies were in focus and rallied up to 11 per cent on the BSE on Monday in the early morning trade in an otherwise weak market after the government allowed the opening of liquor shops from today with certain condition.

GM Breweries, Associated Alcohols & Breweries, Radico Khaitan, Globus Spirits and United Breweries and United Spirits were up in the range of 4 per cent to 11 per cent in the intra-day deal today. At 09:40 am, the S&P BSE Sensex was down 4.6 per cent or 1,533 points at 32,184 on the BSE.