&w=3840&q=100)
Liquor stock zooms 119% from April low; nears new high post clarification
Shares of Tilaknagar Industries, which sells Mansion House brandy, moved higher by 7 per cent to ₹449.45 on the BSE in Tuesday's intra-day trade amid heavy volumes after the company said it did not receive any communication or information from any regulatory authority or enforcement agency.
The stock price of the Indian-Made Foreign Liquor (IMFL) manufacturer was quoting higher for the past seven trading days, surging 33 per cent during the period. The stock has more-than-doubled or zoomed 118 per cent from its 52-week low of ₹205 touched on April 7, 2025. The stock was trading close to its record high level of ₹457.30 touched on January 3, 2025.
At 10:38 AM; Tilaknagar Industries was trading 7 per cent higher at ₹448.80 as against 0.09 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped 1.5 times. A combined 7.12 million equity shares of Tilaknagar Industries changed hands on the NSE and BSE.
Clarification on Tilaknagar Industries named in Andhra liquor scam
On Monday, the stock price of Tilaknagar Industries ended 5.5 per cent higher at ₹396.85 on the BSE. However, it closed lower by nearly 6 per cent from its intra-day trade high of ₹443.55, amid media reports that Tilaknagar Industries among a dozen alcohol firms have been named in Andhra Pradesh liquor scam.
On media reports, the company on Monday after market hours informed stock exchanges that the company has noticed certain media reports suggesting that Tilaknagar Industries has been named in a chargesheet filed by the Andhra Pradesh police in respect of the ongoing inquiry into the alleged malpractices pertaining to liquor trade in the state.
'We would like to place on record that the company has not received any communication or information to this effect from any regulatory authority or enforcement agency, till date,' Tilaknagar Industries said.
Tilaknagar Industries further said that the company is a company devoted to creating and marketing globally-acclaimed brands that are market leaders in their respective segments and geographies.
'All our brands stand on the strength of their intrinsic merit and unwavering consumer loyalty. As always, the company remains focused on maximising shareholder value through ethical business dealings and practices,' the company said.
Through this communication, Tilaknagar Industries said it urges all stakeholders to rely solely on communications flowing directly from the company channels or published through the official stock exchange platform.
Tilaknagar - Fund raising plan
Tilaknagar Industries on Saturday, July 19, 2025 informed that a meeting of the board of directors of the company will be held on Wednesday, July 23, 2025, inter alia to consider the fund raising plan. The raise could be executed through multiple channels like public offer, rights issue, preferential issue, qualified institutional placement (QIP), or private placement, depending on market conditions and regulatory permissions.
Favourable Bombay High Court ruling - Tilaknagar Industries
The Bombay High Court had ruled in favour of Tilaknagar Industries, restraining Allied Blenders & Distillers (ABDL) from launching the 'Mansion House' and 'Savoy Club' spirit brands across India.
ABDL has notified the exchange that they are exploring options to challenge the order in higher court and cannot ascertain any material financial impact at the moment.
About Tilaknagar Industries
Tilaknagar Industries (TI) is one of India's leading alcoholic beverage companies. TI's brand portfolio straddles multiple categories, featuring two 'Millionaire' brandy brands - Mansion House and Courrier Napoleon- along with a strong presence in whisky, rum, and gin through Mansion House Whisky, Madiraa Rum and Blue Lagoon Gin. Recently, TI has expanded into the luxury segment with Monarch Legacy Edition Brandy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
6 minutes ago
- Indian Express
‘Handled with utmost professionalism': India on UK news report claiming wrong bodies returned after Air India crash
India on Wednesday responded to a report by a UK publication claiming that the remains of some British victims of the June 12 Air India crash in Ahmedabad were wrongly identified before repatriation. In a statement issued on Tuesday, MEA spokesperson Randhir Jaiswal said: 'We have seen the report and have been working closely with the UK side from the moment these concerns and issues were brought to our attention. All mortal remains were handled with utmost professionalism and with due regard for the dignity of the deceased.' He added that Indian authorities are continuing to coordinate with their British counterparts to address any ongoing concerns. The Daily Mail, a tabloid newspaper published in the UK, cited an aviation lawyer representing several families, who said grieving relatives in the UK were informed of grave errors in the identification of bodies. One family had to cancel funeral plans after discovering that the coffin delivered to them contained the remains of an unidentified passenger, the report alleged. In another case, remains of more than one victim were reportedly placed in a single casket and had to be separated before burial, Daily Mail claimed. The alleged mistakes apparently came to light during identity verification conducted by Inner West London coroner Dr Fiona Wilcox, who used DNA samples provided by the families. The Air India Boeing 787 Dreamliner had crashed shortly after taking off from Ahmedabad, killing 241 people onboard, including 52 British nationals. Another 19 people on the ground were also killed, and 67 were seriously injured. A preliminary report by India's Aircraft Accident Investigation Bureau (AAIB), released on July 10, said both of the aircraft's fuel switches were found in the cut-off position immediately after takeoff—cutting off fuel supply to the engines and leading to the crash. The controversy comes just ahead of Prime Minister Narendra Modi's visit to the UK, where he is expected to meet his counterpart Keir Starmer to sign a much-anticipated free trade agreement.
The Hindu
6 minutes ago
- The Hindu
Sensex jumps nearly 540 points on buying in bluechip banks, oil shares
Benchmark Sensex jumped nearly 540 points while Nifty closed above the 25,200 level on Wednesday (July 23, 2025) on heavy buying in banking giants and oil shares and a positive trend in Asian markets after Japan secured a trade deal with the U.S. The 30-share BSE Sensex jumped 539.83 points or 0.66% to settle at 82,726.64. During the day, it surged 599.62 points or 0.72% to 82,786.43. The 50-share NSE Nifty gained 159 points or 0.63% to settle at 25,219.90 as 37 of its constituents advanced and 13 declined. Among Sensex firms, Tata Motors rose the most by 2.51%. Bharti Airtel, Bajaj Finance, Maruti, Bajaj Finserv, ICICI Bank, HDFC Bank and Reliance Industries were also the major gainers. Private banking giants HDFC Bank and ICICI Bank hit their 52-week high levels intra-day before settling nearly 1% higher. Value buying in Reliance Industries, following five days of losses, also supported the rally. RIL shares closed higher by 0.83%. However, Hindustan Unilever, UltraTech Cement, Bharat Electronics and ITC were among the laggards. 'The Indian equity market demonstrated resilience despite a mixed start to Q1 FY26 earnings. Positive global cues, underpinned by optimism surrounding the U.S.-Japan trade agreement, have supported sentiment. Additionally, progress toward finalising the India-U.K. FTA has further contributed to the constructive outlook. 'Continued advancements in global trade negotiations are expected to alleviate near-term trade tensions and foster greater market stability. While elevated valuations remain a concern, the prevailing market strength indicates potential for near-term earnings recovery. However, the pace and sustainability of this recovery will be critical in shaping the market's forward trajectory,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE midcap gauge climbed 0.24% and smallcap index went up by 0.05%. Among BSE sectoral indices, telecommunication jumped 1.14%, followed by auto (0.86%), bankex (0.75%), tech (0.74%), financial services (0.70%), healthcare (0.70%) and energy (0.65%). Realty dropped 2.60%, FMCG (0.46%), capital goods (0.31%) and services (0.20%). In Asian markets, Japan's Nikkei 225 index jumped 3.51% as U.S. President Donald Trump announced a trade deal with Japan, with a 15% tax on goods imported from that country. South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory. 'On the global stage, investor sentiment soared following optimistic developments surrounding the U.S.-Japan trade pact, igniting expectations for further international agreements in the near future,' according to Ashika Institutional Equities. Markets in Europe were trading in the green. The U.S. markets ended mostly higher on Tuesday (July 22, 2025). Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,548.92 crore on Tuesday (July 22, 2025), according to exchange data. Domestic Institutional Investors (DIIs) bought stocks worth ₹5,239.77 crore in the previous trade. Global oil benchmark Brent crude dipped 0.45% to $68.29 a barrel. The rupee stayed weak for the sixth consecutive session and settled with a loss of 3 paise at 86.41 against the dollar on Wednesday (July 23, 2025), amid a strong American currency and outflow of foreign funds.
The Hindu
6 minutes ago
- The Hindu
Ahmedabad plane crash: ‘Established protocols' followed for identifying victims, says India after U.K. media report on families receiving wrong bodies
The Indian government is working closely with U.K. authorities to 'address concerns' raised by an aviation lawyer about families bereaved after the June 12 Ahmedabad Air India crash, receiving wrongly identified last remains, including in one case where remains of more than one person were placed in the same casket. British newspaper Daily Mail reported that relatives of one victim had to abandon funeral plans after being informed that their coffin contained the body of an unknown passenger. Also Read | Families of 47 victims of Air India 171 crash victims receive interim payout; lawyers warn against forgoing rights for full compensation In another case, the 'commingled' remains of more than one person killed in the crash were mistakenly placed in the same casket and had to be separated before the burial could go ahead. 'In the wake of the tragic crash, the concerned authorities had carried our identification of victims as per established protocols and technical requirements. All mortal remains were handled with utmost professionalism and with due regard for the dignity of the deceased. We are continuing to work with the U.K. authorities on addressing any concerns related to the issue,' Randhir Jaiswal, Spokesperson of Ministry of External Affairs posted on X. Daily Mail quoted James Healy-Pratt, an aviation lawyer representing many of the British families say saying, 'some have got the wrong remains and they are clearly distraught over this. It has been going on for a couple of weeks [and] I think these families deserve an explanation.' Also Read | Air India Ahmedabad plane crash victims: Tales of grief and loss The mix up emerged when the Inner West London coroner Dr. Fiona Wilcox sought to verify the repatriated Britons' identities by matching their DNA with samples provided by the families, the Daily Mail reported. There were 260 lives lost in the Boeing 787-8 crash. 241 out of the 242 aboard the flight from Ahmedabad to London Gatwick were killed 32 seconds after take off. These included 181 Indians, 53 Britons, seven Portuguese nationals, one Canadian.
