United Breweries Shares Rise Amid Karnataka Liquor Policy Changes and Market Gains

Shares of United Breweries Ltd have shown gains recently, rising 3.22% on the day to Rs 1,703.3 and up about 11% over the past month, despite a year-long decline of over 11%. On March 6, both United Breweries and United Spirits shares surged over 4% and 5.5% respectively, following Karnataka's liquor policy overhaul linking taxes to alcohol content. Brokerage Nuvama Institutional Equities views the policy change positively, maintaining buy ratings for these companies.