Wednesday, 5 April 2017

Liquor ban effect: United Spirits tumbles nearly 8%

Shares of United Spirits dipped nearly 8 per cent on the Bombay Stock Exchange after the Supreme Court order ban on liquor sales close to the national and state highways. Weighed down by the development, shares of company declined as much as 7.88 per cent to hit intra-day low of Rs 2002.00 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company slipped 5.86 per cent to Rs 2,047.20 apiece on the National Stock Exchange. 

Among others, Radico Khaitan, Associated Alcohols & Breweries and Globus Spirits fell between 5-8 per cent on the BSE. Meanwhile, the broader benchmark BSE Sensex was trading at 29,789.34, up 168.84 points or 0.57 per cent, at 11:58 hours.

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