Espresso shot of the day – Globus Spirits Ltd up by 20 percent

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Espresso shot of the day – Globus Spirits Ltd up by 20 percent

June 17, 2021
Espresso shot of the day – Globus Spirits Ltd up by 20 percent

GLOBUS SPIRITS LTD 531.30 (+20.00 %) BSE – INE615I01010 | 17TH JUNE 2021

Excellence is an art and at Globus Spirits they polish their skills each day to perfect this very art. In 1992, the company began their journey and with their values and beliefs, they strode ahead to became one of the leading players in the Indian Alcoholic Beverages Industry. Their strong 360 degree business model has paved the way for their success. And today, with an integrated production process in place, they cater to four important segments of the alcohol industry – Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), IMFL Bottling and Bulk Alcohol. Years of knowledge combined with fresh thinking and dynamic approach has not only helped the company to produce quality liquor, but also allow them to develop innovative ways to preserve the environment

Recent Drivers

  • Globus Spirit Ltd reported net Sales at Rs 356.68 crore in March 2021 up 31.37% from Rs.271.51 crore in March 2020.
  • Company reported quarterly Net Profit at Rs. 50.64 crore in March 2021 up 161.02% from Rs.19.40 crore in March 2020.
  • The Board of Directors has recommended dividend of 20% i.e Rs.2/- per equity share for FY2020-2021
  • Franklin Strategic Emerging Markets Fund IV has sold 799,000 shares, representing a 2.7 per cent stake, of Globus Spirits through a bulk deal.
  • Globus Spirits Ltd plans to launch premium brands in the country in partnership with international firms as it looks to expand India Made Foreign Liquor (IMFL) portfolio.
  • Vice President of Global Spirit Ltd Shekhar Swarup said the company is looking to expand reach in India for its IMFL brands in order to increase sales. The company plan to create a large marketing and distribution network with existing brands and enter newer states - eastern regions of India where the penetration of alcohol is lower,"
  • GSL also sells various brands in Indian Made Indian Liquor (IMIL), is also pursuing opportunities to set-up a greenfield or brownfield distillery in the eastern part of India where the alcohol penetration is low
(Sources: Moneycontrol, Livemint, Business Standard, BSE India)

Technical Force*

  • S&P BSE SmallCap month till date gain up by 5.39%
  • Traded on all time high value of 531.30
  • Touched Upper Circuit Rs. 531.30
  • 3 months avg. volume of NSE: 4,04,374
  • Quantity traded: 7,20,230 | Deliverable quantity: 3,09,418 (42.96%)
  • Stock price has jumped more than 330% from one year low level: 118.30 (July 31, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 531.30 | 52-week-low: 118.30

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

724.70

539.55

431.05

245.90

137.40

-

-

-

Fibonacci Pivot

539.55

427.38

358.07

313.44

245.90

178.36

133.73

64.42

-


Today’s Close

531.30

SMA

BSE

10 DAY

400.03

20 DAY

364.60

50 DAY

337.62

200 DAY

324.59

Some Key Ratios (Source: BSE)

Market Cap: 1530.11 crores

PE: 12.94

OPM%: 11.59

ROE%: 20.24

Promoters holding%: 55.88

Prev. Close: 442.75

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.