Why did United Spirits, Radico Khaitan and other liquor stocks gain up to 7% despite stock market crash? explained
Liquor stocks, including United Breweries, United Spirits, Tilaknagar Industries, and Radico Khaitan, gained in Friday’s session, March 6, with each stock surging between 4% and 7% at their intraday highs after the Karnataka government announced a shift to a global taxation standard and the complete deregulation of alcohol pricing while presenting the state budget. Karnataka,…