Time to raise a toast to liquor stocks? Selectively, say analysts

[ad_1]

Web Exclusive

Analysts believe the worst may be behind the sector with out-of-home (OOH) consumption picking up, and select state governments reducing taxes

Topics
Liquor firms | Markets | liquor industry

Shares of liquor companies have tumbled between 6 per cent and 33.5 per cent thus far in calendar year 2022 (CY22), as pinching raw material prices and low demand hit breweries and distilleries. In comparison, the benchmark Nifty50 index and the broader Nifty500 indices have shed 9 per cent and 10 per cent, respectively during this period, ACE Equity data show. CLICK HERE FOR THE CHART

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?


OR




Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 28 2022. 12:58 IST



[ad_2]

Read More: Time to raise a toast to liquor stocks? Selectively, say analysts

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments