Liquor maker Pincon Spirit shares climbed nearly 9 percent after the company increased prices of various IMFL brands following revision of excise policy by West Bengal Government.
"...Pincon has taken a decision to increase the maximum retail price of its Indian Made Foreign Liquor (IMFL) brands," the company said in its filing.
The decision was taken after the West Bengal Government, on October 28, revised its excise policy, whereby IMFL industry in West Bengal is on for a affirmative operating indication.
It raised prices of its brands like Pincon No.1 Whisky, Pincon XXX Matured Rum, Pincon Perfect Vodka, Pincon King's Coin Whisky/Rum/Vodka, Highland Blue Whisky, Ultra Force Jamaican Rum and Ruby Gold Gin.
At 11:03 hours IST, the stock was quoting at Rs 76.80, up Rs 3.80, or 5.21 percent on the BSE.Posted by Sunil Shankar Matkar
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