Buzzing Stock: Only buyers in Globus Spirits!

GSL is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer and Franchise bottling

The share price of Globus Spirits is up by 5 per cent on Tuesday and has gained by more than 12 per cent in one month. In one year alone the stock has gained by more than 474 per cent.

On Tuesday trading session when the markets traded volatile, the stock of Globus Spirits was locked in the upper circuit. The reason was the above estimates quarterly results. 

During the Q1FY22, Globus Spririts Ltd has shown healthy revenue growth of nearly 61 per cent and profit growth of ~197 per cent. It is expected that  GSL may report healthy top-line & bottom-line growth on the back of capacity expansion plan and newer product launches. Technically the share price of Globus Spirits is trading above the 9D EMA indicating short term bullishness. 

Momentum trader and investors should take a look at Globus Spirits and analyse further. 

GSL is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer and Franchise bottling.