Kerala relaxes liquor ban; Liquor Stocks Rise
Shital Jibhe / 10 Jun 2017
Keeping its election promise, the Pinarayi Vijayan government of Kerala, fulfilling its election promise, has decided to resume giving the FL-3 licence to three and four-star hotels in Kerala from July 1, 2017.
Keeping its election promise, the Pinarayi Vijayan government of Kerala, fulfilling its election promise, has decided to resume giving the FL-3 licence to three and four-star hotels in Kerala from July 1, 2017. Thus, enabling small and budget hotels to serve Indian made foreign liquor (IMFL).
All, except five-star
Liquor stocks including Tilaknagar Industries was trading higher by 15.14% at Rs 12.55 per share in the closing hour, Pioneer Distilleries was up by 20% and got locked in the upper circuit at Rs 219.95 per share, Ravi Kumar Distilleries Limited was up by close to 10% at Rs 10.75 per share, while Empee Distilleries is up by 6.22% at Rs 47.8 per share.
All liquor stocks have attracted huge trading volumes during the closing hours of trade on Friday.
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