Porinju Veliyath’s Equity Intelligence India acquired a 0.52% stake in Associated Alcohols & Breweries, reflecting renewed interest in the premium liquor industry. The move signals growing optimism toward discretionary consumption and rising brand penetration in alcoholic beverages. The acquisition triggered increased trading volumes, suggesting institutional accumulation. Analysts anticipate future earnings expansion supported by premiumization and improving distribution networks. The alcohol segment’s performance outlook remains strong amid festive demand and broader consumption recovery. [Source: Moneycontrol]