Why did United Spirits, Radico Khaitan and other liquor stocks gain up to 7% despite stock market crash? Explained
Why did United Spirits, Radico Khaitan and other liquor stocks gain up to 7% despite stock market crash? Explained is drawing significant interest across the industry.
Liquor stocks surged up to 8% after Karnataka's government announced a shift to global taxation and deregulation of alcohol pricing in its state budget. The new excise structure, effective April 2026, will modernize the framework and enhance transparency, targeting alcohol content for taxation.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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