Liquor stocks in good spirits

Liquor stocks seem to be in good spirits today morning. On Saturday, the  Union Home Ministry notified that liquor shops will be allowed to open in all the three zones, i.e red, orange and green, barring the containment zones across the country.

This means that starting today, liquor shops have opened up across most of the country except the urban areas – 13 urban centers account for 2/3^rd of India’s total Covid tally and deaths.

Thanks to this, Radico Khaitan is today among the top five gainers on the BSE since opening bell. It rose almost 8% to Rs.316.75. GM Breweries has shown a spurt in volumes of over 2.5 times with the stock price rising over 11% to Rs.415.95. United Breweries rose over 4.5% to Rs.981.35.