Multibagger that will change things around in Indian Liquor Industry.
www.moneycontrol.com secure.icicidirect.com Sensex marked an astonishing return of over 14% in 2019,a decent return one can see amid slowdown in auto sector and liquidity crunch in the capital markets.It also tried to follow the same trajectory at the start of 2020 but due to fears of COVID-19 it was unable to sustain the peak which it shared at the start and nosedived almost 37 % till date.Falling from high of 41945 on 17th January to 25981 as of 21st march with the increase in number of cases globally.Foreign indices also followed similar trends. Also, World Bank president David Malpass echoed her outlook in a post on LinkedIn, writing, “Beyond the health impacts from the Covid-19 pandemic, we are expecting a major global recession .” Analyst are expecting that the index could test the levels of 20000-22000 in shorter span of time. ...