United Breweries and United Spirits fell by 0.82% to 2.06% at 14:30 IST on BSE on media reports that the Supreme Court upheld the ban on sale of liquor in Kerala.
United Spirits (down 2.06%) and United Breweries (down 0.82%), edged lower.
The S&P BSE Sensex was up 73.73 points, or 0.28% at 26,107.86.
According to reports, the Supreme Court upheld the Kerala government's liquor policy that allows only bars in five-star hotels to serve liquor. The verdict means only 27 five-star hotels in the state would have the license to serve liquor.
Kerala has the country's highest alcohol consumption per capita. The state government introduced a policy last year to become alcohol-free within 10 years.
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