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Liquor stocks on a high

Thursday, July 13, 2017

Liquor stocks yesterday rose up to 14% after the Supreme Court gave its nod to Chandigarh administration denotifying some highways to allow sale of liquor from vends located within 500 metres of the roads.

Shares of Tilaknagar Industries soared 13.73 per cent, Globus Spirits went up by 4.77 per cent and Pioneer Distilleries gained 2.84% on BSE.

Radico Khaitan rose by 1.16%, Associated Alcohols and Breweries 0.93 per cent and Som Distilleries and Breweries 0.59%. The apex court had in December last year banned sale of liquor within 500 metres of state and national highways across the nation from April 1 this year.

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