Liquor stocks gain rise; Som Distilleries, United Breweries stocks up

India Infoline News Service | Mumbai | October 12, 2017 11:06 IST

Shares of liquor companies rose on expectations that the Kerala government will follow Tamil Nadu in raising prices of liquor in the state, as per media reports.

Shares of liquor stocks rose on expectations that the Kerala government will follow Tamil Nadu in raising prices of liquor in the state, as per media reports. The state's revenue department is likely to meet today to discuss prices of liquor.

Earlier on Wednesday, Tamil Nadu had raised prices of liquor for the first time in three years.

Som Distilleries & Breweries Ltd is currently trading at Rs 166.15, up by Rs 10.75 or 6.92% from its previous closing of Rs 155.4 on the BSE. The scrip opened at Rs 157 and has touched a high and low of Rs 173.55 and Rs 157 respectively. The stock is currently trading above its 50 DMA.

United Spirits Ltd is currently trading at Rs 2456.8, up by Rs 53.4 or 2.22% from its previous closing of Rs 2403.4 on the BSE. The scrip opened at Rs 2420 and has touched a high and low of Rs 2475 and Rs 2415 respectively. The stock is currently trading below its 50 DMA.

Radico Khaitan Ltd is currently trading at Rs 175.5, up by Rs 3.4 or 1.98% from its previous closing of Rs 172.1 on the BSE. The scrip opened at Rs 173.55 and has touched a high and low of Rs 177.5 and Rs 172.2 respectively. The stock is currently trading above its 50 DMA.

United Breweries Ltd is currently trading at Rs 853, up by Rs 10.5 or 1.25% from its previous closing of Rs 842.5 on the BSE. The scrip opened at Rs 846.8 and has touched a high and low of Rs 856.35 and Rs 845.15 respectively. The stock is currently trading above its 50 DMA. 


***Note: This is a NSE Chart

 

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