New Delhi, June 29 -- Shares of Allied Blenders and Distillers, Radico Khaitan, and United Spirits were in focus on Monday after global brokerage Jefferies initiated coverage on the three alcohol beverage companies, seeing an upside potential of up to 25%.

Allied Blenders shares jumped as much as 5.88% to Rs.658.70 apiece, while Radico Khaitan shares rose 0.61% to touch a 52-week high of Rs.3,851.00 apiece on the BSE. In contrast, United Spirits shares declined as much as 3.22% to Rs.1,340.00.

Jefferies noted that Indian alcoholic beverage stocks have significantly outperformed the broader staples sector during FY23-FY26, delivering an earnings per share (EPS) CAGR of over 30%, compared with mid-to-high single-digit growth for staples. ...