Lowering ENA costs in Budget will help alco-beverage industry, say experts
Thu, Feb 1, 2024 11:41 AM

Lowering ENA costs in Budget will help alco-beverage industry, say experts

A Flip by Shubhangi Gupta
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Experts predict that there will be no major announcements for cigarette and alcohol industries in Interim Budget. However, some relaxation on commodity costs is expected and there may be delays in reaching the 20% ethanol blending target for FY25. Stocks likely to be affected by these announcements include United Spirits, United Breweries, Radico Khaitan, ITC, VST Industries, and Godfrey Phillips.

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