New Delhi, July 15 -- Liquor stocks rose nearly a per cent in Tuesday's trading session after Maharashtra government is set to end a nearly five-decade-old ban on granting new liquor shop licences, a restriction in place since 1974.
According to a report in Loksatta, the state plans to issue 328 new wine shop licences as part of a major shift in its excise policy, intended to boost state revenue.
United Breweries shares surged over 1.23 per cent to Rs.1,980.20 apiece. Som Distelleries share price gained as much as 0.70 per cent to Rs.153.92 apiece on July 15. Meanwhile, other liquor stocks Sula Vineyards, G M Breweries also surged 0.67 per cent and 0.42 per cent.
"Liquor stocks are in focus for some sessions as the Maharashtra (the thi...
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