Government Policy Boosts Desi Liquor Stocks by 18%, Foreign Liquor Stocks Tumble

A recent government decision favoring the promotion and distribution of indigenous (desi) liquor has led to an 18% surge in related stocks. Meanwhile, companies associated with foreign liquor brands saw a sharp decline, as the policy shift may affect their market share and profitability. Investors are closely watching the sector for further developments.

Liquor Stocks Price The Maharashtra government has increased the excise duty on foreign liquor manufactured in India (IMFL). Due to this, the shares of some liquor companies fell sharply. However, the shares of some liquor manufacturing companies have risen sharply. However, these companies will benefit from the Maharashtra-made liquor category with the new policy.

A decision of the Maharashtra government has led to a decline in the shares of liquor companies. Actually, the state government has increased the excise duty on foreign liquor manufactured in India (IMFL). Due to this, the shares of liquor companies fell sharply. However, the shares of some liquor manufacturing companies have risen sharply.

After the market opened today, the shares of major liquor companies like United Breweries, Allied Blenders & Distillers, Radico Khaitan and United Spirits fell by up to 5 percent. At the same time, the shares of Sula Vineyards, GM Breweries and Som Distilleries have risen by up to 11 percent.