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Why are Tilaknagar Industries shares up over 6% today? Explained
Why are Tilaknagar Industries shares up over 6% today? Explained

Business Upturn

time22-07-2025

  • Business
  • Business Upturn

Why are Tilaknagar Industries shares up over 6% today? Explained

By Aman Shukla Published on July 22, 2025, 11:17 IST Shares of Tilaknagar Industries rose 6% after the company issued a clarification on media reports alleging its involvement in a liquor kickback scheme in Andhra Pradesh. According to NDTV Profit and Informist, the Andhra Pradesh Police has reportedly named Tilaknagar Industries in a chargesheet, alleging the company paid approximately ₹218 crore in kickbacks to a liquor syndicate in exchange for securing orders worth ₹1,472 crore between 2019 and 2024. In response, the company stated that it has not received any communication or notice from any regulatory or enforcement authority regarding the matter. It also emphasized its commitment to ethical business practices and its focus on building strong, trusted brands. Tilaknagar Industries shares opened at ₹425.00 and moved between a high of ₹449.55 and a low of ₹424.80 during the trading session. The stock stayed close to its 52-week high of ₹457.00, while the 52-week low remains at ₹199.53. The stock has seen strong movement in recent sessions, staying in focus among investors. As of 11:16 AM, the shares were trading 6.92% higher at Rs 447.80. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Tilaknagar Industries shares fall 5% from day's high after Andhra liquor scam allegations surface
Tilaknagar Industries shares fall 5% from day's high after Andhra liquor scam allegations surface

Business Upturn

time21-07-2025

  • Business
  • Business Upturn

Tilaknagar Industries shares fall 5% from day's high after Andhra liquor scam allegations surface

By Aditya Bhagchandani Published on July 21, 2025, 14:47 IST Shares of Tilaknagar Industries Ltd rose as much as 5.46% intraday to ₹443.90, before paring gains and trading nearly 6% below the day's high after reports emerged linking the company to an alleged liquor scam in Andhra Pradesh. The stock closed at ₹418.40, compared to the previous close of ₹396.75, with a market capitalization of approximately ₹81,400 crore. According to NDTV Profit and Informist, the Andhra Pradesh Police has named Tilaknagar Industries in an alleged liquor kickback scheme. Authorities claim the company allegedly paid about ₹218 crore (₹2.18 billion) in kickbacks to an Andhra liquor syndicate in exchange for lucrative orders. Between 2019 and 2024, the company reportedly received orders worth ₹1,472 crore (₹14.72 billion) in the state, the police report noted. These revelations have raised concerns among investors despite the stock's initial rally. On Monday, the stock saw high volatility: it opened strong, touching a high of ₹443.90 in the morning session, but fell sharply after the news broke, reflecting investor unease over potential legal and reputational risks. Company response to the allegations has not yet been made public at the time of writing. Market participants are closely watching for further clarification from Tilaknagar Industries and regulatory authorities. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Stock market investments are subject to market risks. Please consult your financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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