Liquor stocks trade lower; United Spirits down 9% post Q3 results

Radico Khaitan, Empee Distilleries, Jagatjit Industries, Globus Spirits, Som Distilleries, Associated Alcohols, Tilaknagar Industries and United Breweries were down 2% to 5% on BSE.

Shares of liquor companies were under pressure with United Spirits falling 9% on BSE in intra-day trade after reporting disappointing set of numbers for the quarter-ending December 2017 (Q3FY18).

Radico Khaitan, Empee Distilleries and Jagatjit Industries, also, dipped over 4%, while Globus Spirits, Som Distilleries & Breweries, Associated Alcohols & Breweries, Tilaknagar Industries and United Breweries were down in the range of 2% to 4% on BSE. On comparison, the S&P BSE Sensex was up 0.15% at 36,193 at 11:38 AM.

United Spirits slipped 9% to Rs 3,424 in intra-day deal after the net profit of the company