Sula Vineyards, Radico Khaitan, United Spirits fall up to 4% as European wines bag cuts from India-EU trade deal

Indian liquor stocks like Sula Vineyards, Radico Khaitan, United Spirits, Globus Spirits saw significant selling pressure as a new India-EU trade pact allows European wines to enter India at lower duties. While Indian wines will also gain market access in the EU, the immediate impact is increased competition for domestic producers.