Globus Spirits business segments, target price, and potential risks highlighted with a positive outlook for future growth.

Broker’s call: Globus Spirits (Add)

Godrej Agrovet Ltd, Solar Industries India Ltd, Anant Raj Ltd and Globus Spirits Ltd are among the other gainers in the BSE’s ‘A’ group today, 02 July 2024.

JK Paper Ltd leads gainers in ‘A’ group

The block deal in Globus Spirits is expected at a floor price of Rs 975-985.

Block deal involving 8.5% stake in Globus Spirits likely today

FCI halting rice supply to distilleries causes stocks to drop; 100 distilleries affected; Govt’s 14% ethanol blending target in petrol by Nov in jeopardy; Globus Spirits, Som Distilleries, Jagatjit, Gujchem, Tilaknagar stocks fall; United Spirits gains; Govt & All India Distillers’ Association may r…

Distillery stocks lose steam as FCI halts rice supply to make ethanol

Globus Spirits, on the weekly chart, has decisively broken out above the medium-term ‘rounded bottom’ pattern at Rs 1,120 with a strong bullish candle indicating positive momentum.

Zomato, Macrotech, Dhampur Sugar & Globus: Axis Securities’ top 4 picks for the week

Globus Spirits Ltd has lost 8.25% over last one month compared to 2.39% gain in S&P BSE FMCG Sector index and 1.17% rise in the SENSEX

Globus Spirits Ltd Slips 2.06%, S&P BSE FMCG Sector index Shed 1.08%

ICICI Direct is bullish on Globus Spirits recommended buy rating on the stock with a target price of Rs 1000 in its research report dated November 17, 2022.

Buy Globus Spirits; target of Rs 1000: ICICI Direct

Its Q2 earnings before interest, taxes, depreciation, and amortization (ebitda) was down 47.4 per cent YoY and 33.2 percent QoQ at Rs 47 crore

Globus Spirits slumps 13% on weak Q2 results; stock tanks 59% in 10 months

Its profits before interest, taxes, depreciation, and amortisation (ebitda) fell 47.4% year on year and 33.2 percent quarter on quarter to Rs 47 crore.

Globus Spirits’ stock price down by more than 8% today

Shares of Globus Spirits Ltd rose over 4 per cent amid a weak market today after the company said it would provide various services to distillery assets of Tilaknagar Industries. Globus Spirits stock gained 4.31 per cent to Rs 955.75 against the previous close of Rs 916.30 on BSE.

Globus Spirits stock rises 4% on agreement with Tilaknagar Industries

Buzzing stocks: Auto stocks, Reliance Industries, UPL, Lupin, Phoenix Mills and Globus Spirits

Stocks that will see action today (July 1)

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Globus Spirits Limited is a alcoholic beverages company engaged in manufacturing, marketing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands.

Globus Spirits Ltd