Sula Vineyards and GM Breweries shares surged as Maharashtra’s new liquor policy spared beer and wine from excise duty hikes, benefiting companies focused on these categories. GM Breweries may also gain from a new Maharashtra-made Liquor category. Meanwhile, United Spirits and Allied Blenders faced declines due to increased duties on Indian-made Foreign Liquor.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets