Indian Liquor Stocks Drop Amid Maharashtra Tax Hike

  Published 9 months ago

Indian liquor stocks fall as Maharashtra hikes duty on IMFL, triggering market reactions and mixed analyst ratings.

  • United Spirits shares drop 5%, Radico and United Breweries fall 1% each amid tax concerns.
  • Maharashtra raises excise duty on IMFL to 4.5 times the cost from 3 times, effective immediately.
  • Analysts rate UNSP and RADC 'buy', UBBW 'hold' with varying YTD returns.

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