Liquor shares drop on SC order to ban alcohol shops on highways

Liquor shares drop on SC order to ban alcohol shops on highways
In early trade on Thursday beverages distilleries sector was trading down 0.89% on NSE Nifty 50 and 0.91% down on BSE Sensex. Image Source: IANS

Shares of liquor companies dropped as Supreme Court moved to ban alcohol shops along national and state highways on Thursday.

The court said that the existing liquor licenses will lapse on April 1, 2017.

In early trade on Thursday beverages distilleries sector was trading down 0.89% on NSE Nifty 50 and 0.91% down on BSE Sensex. 

United Spirits and United Breweries was down 1.37% and 1.01% respectively; while Empee Distilleries and Global Spirits was down 2.83% and 4.37% respectively.

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Written By: ZeeBiz WebTeam
Updated: Thu, Dec 15, 2016
02:10 PM IST
Mumbai, ZeeBiz WebDesk
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