Alcohol stock hits upper circuit on Andhra Pradesh plant revival
pre-market1 source ↓written by the desknot a recommendation
- Ltd surged
- ₹571.10
- after the Andhra
- 5% upper circuit
- 46.5 lakh cases plant
- market cap
- ₹15,974 cr
- valid
- 26 Sep 2028
Shares of Allied Blenders & Distillers Ltd surged to ₹571.10, hitting the 5% upper circuit after the Andhra Pradesh government revived its Letter of Intent for a 46.5 lakh cases plant. This move supports capacity expansion and enhances long-term business visibility, with the company’s market cap at ₹15,974 cr.
The revival of the LOI, valid until 26 Sep 2028, is expected to boost investor confidence, reflecting a 76% return over the past year.
Not investment advice. For informational purposes only.