Liquor stocks plunge up to 5% as maharashtra govt hikes excise duty on imfl

Liquor stocks, include allied blenders, united spirits, and radico khaitan, came under sharp seling pressure pressure right from the opening bell on wedding, june 11, Falling Up to 5% as to 5% as in Turned bearish after the Maharashtra Government Approved Revenue-Boosting Changes in the Excise Policy, Including A Hike in Excise Duty on Indian Made Foreign LIQUOR (IMFL) (IMFL) Category, Maharashtra Made Liquor (MML).