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)

Stocks in Focus on Jul 1: Hero Moto, Globus Spirits, Zydus Lifesciences & More

The new rates are applicable from June 1, 2022, to November 2022

Globus Spirits climbs ~4% on receiving additional price relief by OMCs

Those who declined included Rupa and Company, Godawari Power & Ispat, Globus Spirits, Jindal Stainless, and Future Retail

Ninety smallcaps lost 10-30% despite market clocking gains for second week

In Q4FY22, EBITDA margin contracted by 720 basis points (bps) year-on-year to 17.6 per cent.

Globus Spirits slips 15% on weak March quarter results

Globus Spirits standalone net profit declines 8.50% in the March 2022 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

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.