UK Trade Deal, Premium Booze Drives Rally in India Liquor Stocks
The article highlights the recent outperformance of Indian alcoholic beverage stocks compared to their global counterparts. The rally is largely attributed to two key factors: 1. The newly-signed UK trade deal: The trade agreement between India and the UK has boosted investor confidence in the Indian liquor industry, as it is expected to provide greater market access and growth opportunities. 2. Focus on premium spirits: Indian liquor companies have been increasingly focusing on the production and distribution of premium and high-margin spirits, which has contributed to the improved financial performance of these stocks. The article suggests that the combination of the UK trade deal and the industry's strategic shift towards premium products has driven the recent rally in Indian liquor stocks, outpacing the performance of global peers over the past three months.
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