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In high spirits

Analysts believe the SC ban won’t result in a hangover for liquor stocks

RA Chandroo

On Friday (March 31), the Supreme Court (SC) re-affirmed its ban on liquor sales in hotels, restaurants and other outlets within 500 metres of highways. While the ban was expected to be limited to only liquor shops, the SC clarified that the ban was applicable to bars and restaurants as well. The apex court had ordered the ban on sale of liquor near highways in December. Subsequently, a review petition was filed. The SC, however, set aside the petition, making the ban is effective from April 1, 2017, as per the original order.