Liquor shares in focus; GM Breweries hits record high on strong Q3 results

GM Breweries, Pincon Spirit, Associated Alcohols, Pioneer Distilleries, Globus Spirits, Empee Distilleries and Tilaknagar Industries were up more than 4% on BSE.

Shares of liquor companies have rallied by up to 18% on BSE in intra-day trade so far after GM Breweries reported a strong results for the third quarter ended December 2017 of current fiscal (Q3FY18).

GM Breweries, Pincon Spirit, Associated Alcohols & Breweries, Pioneer Distilleries, Globus Spirits, Empee Distilleries and Tilaknagar Industries were up more than 4% on BSE. United Breweries, United Spirits, Khoday India, Jagatjit Industries and Radico Khaitan up in the range of 1% to 3%, as compared to 0.46% rise in S&P BSE Sensex at 10:29 AM.

GM Breweries hit a record high of Rs 1,150, up