Liquor stocks rally up to 14% as govt allows shops to open from today

Shares of breweries and distilleries climbed up to14 per cent in Monday’s trade after the government allowed the opening of liquor shops with certain conditions.

Associated Alcohol & Breweries was up 14 per cent at Rs 193.95. GM Breweries, Radico Khaitan, United Breweries and Pioneer Distilleries also advanced between 2-12 per cent.

On the other hand, the benchmark BSE Sensex was down over 5 per cent around 3 pm.


According to the Home Ministry, sale of liquor will be allowed with certain conditions in all zones, barring containment area, in standalone shops, not in markets or malls.

Going with reports, booze lovers ushered in the resumption of liquor sales in a spirited fashion thronging stores hours before shutters went up at several places and made no secret of their celebratory mood.

Liquor shops opened after 40 days throughout the country. These were closed due to lockdown restrictions imposed to contain the spread of coronavirus.