Shares of liquor companies rallied up to 14% on BSE on Wednesday on the back of heavy volumes, extending their past two-and-half months rally after the company reported a good set of numbers for the quarter ended September (Q2FY18).
GM Breweries and Associated Alcohols & Breweries surged more than 10%, Som Distilleries, United Breweries, Global Spirits, IFB Agro Industries, Pincon Spirit and Empee Distilleries were up in the range of 2% to 10% on the BSE. By comparison, the S&P BSE Sensex was up 0.45% at 33,379 at 11:54 AM;
Thus far total 13 companies from the breweries
GM Breweries and Associated Alcohols & Breweries surged more than 10%, Som Distilleries, United Breweries, Global Spirits, IFB Agro Industries, Pincon Spirit and Empee Distilleries were up in the range of 2% to 10% on the BSE. By comparison, the S&P BSE Sensex was up 0.45% at 33,379 at 11:54 AM;
Thus far total 13 companies from the breweries