We could see contribution from the broader market too in the coming days
United Breweries, Radico Khaitan, United Spirits, GM Breweries, Associated Alcohols & Breweries and Globus Spirits declined between 3 per cent and 7 per cent on the BSE
Analysts say alcohol sales could be an early beneficiary of overall recovery
Shares of United Breweries closed at Rs 1,342.95 per scrip on BSE, up 2.10 per cent from its previous close
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Banks have got court nod to liquidate assets
In terms of volume, strong beer sales grew in high single digits, but that of mild beer was flat
CCI launched the investigation after AB InBev told the watchdog it had detected an industry cartel, leading in 2018 to dawn raids at the three brewers' offices to collect evidence
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd
None of the pest control records addressed the issue of birds
Total income during the third quarter of the current financial year stood at Rs 3,190.5 crore, up 22.19%, as compared with Rs 2,610.9 crore in the year-ago quarter
The stock hit a new high of Rs 1,465, up 4% and surpassed its previous high of Rs 1,464, recorded on September 28, 2018 in the intra-day trade.
Pioneer Distilleries, Radico Khaitan and United Spirits were up in the range of 2% to 4% on the BSE, as compared to 0.13% rise in S&P BSE Sensex.
UBL's total expenses stood at Rs 30.83 billion as against Rs 25.97 billion, up 18.72%
The stock hit a record high of Rs 1,464, outperforming the market by gaining 12% during the current week, as compared to a 1.2% decline in the S&P BSE Sensex.
Expected debt-free status by FY19 provides further relief
The stock rallied 7% to Rs 1,286 on the BSE in intra-day trade after the company reported 37% year-on-year increased in net profit at Rs 2,219 million in June quarter.
The stock hit a record high of Rs 1,243, up 9.5% on BSE in intra-day trade, after the company said on a year to date basis, volume grew 6% compared with industry growth of 3%.
New products, rising market share and lesser than anticipated impact of regulations are keeping sentiment firm for United Breweries
The company had registered a profit of Rs 147.47 crore in the same period a year ago