United Breweries, United Spirits and others gain as Gujarat allows liquor consumption in GIFT City
The step has been strongly condemned by the opposition Congress and the Aam Aadmi Party, as the parties see the decision as a backdoor to the removal of prohibition in the state, as stated in the PTI report.
Earlier in its December 13 report, ICICI Securities had maintained its buy rating on United Spirits with a one-year target of Rs 1,250.