Indian alcoholic beverage stocks have outperformed global peers over the past three months on the back of a newly-signed UK trade deal and a focus on premium spirits.
Shares of India’s Tilaknagar Industries Ltd and Allied Blenders & Distillers Ltd have surged more than 40% since late April, beating a Bloomberg index of international rivals. The gains could continue, supported by easing input costs from the trade pact and a shift toward higher-end liquors.