Andhra Pradesh New Liquor Policy: The new liquor policy of the Chandrababu Naidu government of Andhra Pradesh is expected to increase the sale of liquor in the state in the coming days. So, this policy has made the country’s leading breweries and liquor manufacturing companies very happy. Due to the new liquor policy of the Andhra Pradesh government, the shares of the breweries companies listed on the stock exchange are witnessing a strong increase.
In Andhra Pradesh, there was a huge decline in liquor sales in the last five years. But after the introduction of this new policy, Andhra Pradesh can be included in the top three states in terms of liquor sales. In such a situation, a strong jump is being seen in the stocks listed on the stock exchange. The stock of United Spirits closed at Rs 1574 with a jump of about 3 percent in today’s session. The stock of Radico Khaitan closed at Rs 2129.80 with a jump of 0.65 percent.
Allied Blenders and Distilleries stock rose 1.98 percent to close at Rs 345.55, India Glycols rose 3.31 percent to close at Rs 1256.35, Tilaknagar Industries stock rose 1.90 percent to close at Rs 316.20. Sula Vineyards stock rose 0.19 percent to close at Rs 484.15.
The Andhra Pradesh government has approved the new liquor policy of the state. In the new policy, the state government has reduced the prices of all brands of liquor. After the new rules come into force, people in Andhra Pradesh will be able to buy any brand of liquor for just 99 rupees. The new rules are going to be implemented from the beginning of next month i.e. from October 1. According to the Andhra Pradesh government, it has taken into account affordability in preparing the new liquor policy. Liquor shops in the state will now go into private hands. After the implementation of the new rule, liquor shops in Andhra Pradesh can be opened from 10 am to 10 pm.
Read this also
EPFO Update: Good news for EPF account holders and EPS pensioners! Modi government has given a series of gifts
