 "Brewery shares under pressure; United Breweries, United Spirits down 5%")
Shares of breweries & distilleries companies were under pressure and fallen by up to 8% on the bourses on concerns of liquor bans.
Among the individual stocks, Empee Distilleries dipped 8% to Rs 58 on the BSE. Pioneer Distilleries and Globus Spirits are locked in lower circuit of 5% each at Rs 149 and Rs 63, respectively on the BSE, with no buyers seen on the counters.
United Breweries (Rs 782) and United Spirits (Rs 2,240) too down 5% each.
Tamil Nadu Chief Minister J.Jayalalithaa on Saturday promised introduction of liquor prohibition in the state in phases if her AIADMK is voted back to power. CLICK HERE TO READ FULL REPORT.
The Bihar government last week imposed a complete ban on sale of any kind of liquor in the state.
Among the individual stocks, Empee Distilleries dipped 8% to Rs 58 on the BSE. Pioneer Distilleries and Globus Spirits are locked in lower circuit of 5% each at Rs 149 and Rs 63, respectively on the BSE, with no buyers seen on the counters.
United Breweries (Rs 782) and United Spirits (Rs 2,240) too down 5% each.
Tamil Nadu Chief Minister J.Jayalalithaa on Saturday promised introduction of liquor prohibition in the state in phases if her AIADMK is voted back to power. CLICK HERE TO READ FULL REPORT.
The Bihar government last week imposed a complete ban on sale of any kind of liquor in the state.