Liquor stocks see selling pressure, tumble up to 7.3%

Stock prices of breweries and distilleries today plummeted by up to 7.3 per cent after Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced that all liquor shops would be closed across the state in a phased manner.
Shares of Radico Khaitan tumbled 7.30 per cent, United Spirits tanked 6.59 per cent, Associated Alcohols & Breweries fell by 5 per cent, Globus Spirits (4.90 per cent), Tilaknagar Industries (4.70 per cent), Empee Distilleries (2.35 per cent) and Pincon Spirit (2.08 per cent) on BSE.
"Alcohol prohibition will be implemented in the entire state by closing all liquor shops in a phased manner," Chouhan said while addressing a programme at village Neemkhera (Heerapur) of Narsinghpur district yesterday.

During past one month, several protests against liquor shops have been reported from across the state.