Liquor stocks
Shares of Sula Vineyards and GM Breweries soared up to 18% on Tuesday, defying the broader sell-off in liquor stocks, as investors cheered Maharashtra’s latest liquor policy shake-up that spared beer and wine from a steep excise duty hike. While Sula shares closed at Rs 319.90, up 8%, GM Breweries settled at Rs 789.35, 10% higher.