 "Liquor ban")
Shares of all liquor makers rose on Friday after United Spirits (USL) reported higher than expected growth in profit and margins.
The strong showing by the Diageo-owned company indicated the sector was able to weather the storm created by the ban on sale of liquor on highways and the new goods and services tax (GST).
USL shares rose 23 per cent at one point, the highest in a day over four years, after it reported an 84 per cent increase in net profit, a 57 per cent jump in earnings before interest taxes, depreciation and amortisation (Ebitda) and a 631
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