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Street cautious on liquor stocks

Nevertheless, liquor companies' financials will witness some impact, believe analysts

Street cautious on liquor stocks
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Bottles of Corona beer, the flagship brand of Group Modelo, are pictured at a restaurant in Mexico City, Mexico

Sheetal Agarwal Mumbai
Liquor stocks such as United Spirits and Radico Khaitan, among others, fell 1-6 per cent on Monday as the Supreme Court's ban on liquor sales on highways came into force on April 1. Analysts say these companies' revenues will take a hit in the next couple of quarters at least because of this order. The apex court's decision to include restaurants and bars in its order will impact the sales and consumption of liquor. An indication of the potential impact for the industry can be gauged from Maharashtra Excise Minister Chandrashekhar Bawankule’s statement on Sunday that the state government will

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