Most Liquor Cos Fall as Bi­har Bans Al­co­hol

The Economic Times - - Smart -

Shares of liquor firms were in the lime­light on Tues­day af­ter Bi­har im­posed a to­tal ban on sale of al­co­hol in the state. The ban is on all types of al­co­hol, in­clud­ing In­dian Made For­eign Liquor (IMFL), mak­ing Bi­har the fourth dry state in the coun­try af­ter Gu­jarat, Ker­ala and Na­ga­land. Radico Khai­tan, Globus Spir­its, USL and GM Brew­eries that 1-5%. How­ever, shares of Ti­lak­na­gar In­dus­tries bucked the trend. — Our Bureau

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