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Shutters up: From Radico to United Breweries, liquor stocks in high spirits

Analysts say alcohol sales could be an early beneficiary of overall recovery

Topics
Liquor firms | stock market | Lockdown

Viveat Susan Pinto Jash Kriplani & Debasis Mohapatra  |  Mumbai/Bengaluru 

Shares of alcohol companies on Monday rose 3-16 per cent after the government permitted standalone liquor shops to reopen after they remained shut for nearly six weeks because of the nationwide lockdown. The spike came in a falling market, with the broader BSE Sensex down 5.94 per cent to 31,715. 35.

Most key companies from Reliance Industries to TCS, ITC, Nestlé, Hindustan Unilever, Maruti, and Mahindra & Mahindra were down between 1 per cent and 8 per cent at the end of trade. The stock price of United Breweries, however, ended 3.23 per cent higher after hovering 7 per cent ...

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First Published: Tue, May 05 2020. 01:13 IST
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