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Motilal Oswal Midcap 30 Fund sold 2 lakh shares, or 0.69 percent in shareholding, in Globus Spirits at an average price of Rs 918.25 per share.

Globus Spirits stock gains after Motilal Oswal fund offloads 2 lakh shares

Smallcap World Fund offloaded shares in Dreamfolks Services, and Shriram Finance, but bought in Aavas Financiers via block deals.

Bulk deals | Smallcap World Fund offloads 2.46% stake in Dreamfolks Services, buys over Rs 75 crore shares in Aavas Financiers

Globus Spirits Ltd lost 3.44% today to trade at Rs 960. The S&P BSE FMCG Sector index is down 0.39% to quote at 18619.52. The index is down 2.76 % over last one month. Among the other constituents of the index, Kokuyo Camlin Ltd decreased 3.01% and Bajaj Hindusthan Sugar Ltd lost 2.16% on the day. The S&P BSE FMCG Sector index went up 18.01 % over last one year compared to the 8.48% surge in benchmark SENSEX. Globus Spirits Ltd has lost 22.13% over last one month compared to 2.76% fall in S&P BSE FMCG Sector index and 2.13% drop in the SENSEX. On the BSE, 1.19 lakh shares were traded in the counter so far compared with average daily volumes of 20259 shares in the past one month. The stock hit a record high of Rs 1326.25 on 05 Jul 2023. The stock hit a 52-week low of Rs 700 on 15 Nov 2022.

Globus Spirits Ltd Slides 3.44%

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

Concurrently, the agency has reaffirmed the companys long-term rating at CARE A+; Stable”.CARE Ratings said that the rating action takes into account the improvement in the financial performance of the company during FY22 (refers to the period April 1 to March 31) while maintaining healthy profitability margins and consequent improvement in the capital structure and debt protection metrics. The rating action also factors-in the increase in revenue potential attributable to increase in the installed capacity post successful commissioning of project at West Bengal in FY22.The ratings further continue to draw strength from experienced promoter and management team of the company, its significant presence in the country liquor (CL) segment & also in the bulk alcohol (ENA and ethanol) segment and experience in bottling for large Indian Made Foreign Liquor (IMFL) players and satisfactory capacity utilization in FY22. The ratings, however, continues to remain constrained by project implementation risk, continued subdued performance of IMFL segment (own brand), volatility in the input prices with limited pricing power and highly regulated nature of Alcohol industry.Globus Spirits is engaged in the business of manufacturing, marketing and sale of branded IMFL, IMIL and bulk alcohol comprising of rectified spirit and extra neutral alcohol (ENA) and also involved in franchisee bottling to cater to renowned brand owners. The company operates four modern and fully integrated grain-based distilleries at Behror (Rajasthan), Samalkha (Haryana), Panagarh (West Bengal) and Bihar having a combined capacity of approximately 233 million litres per annum.The company had reported a PAT of Rs 35.84 crore (down 26% YoY) and net revenue from operations of Rs 540.96 crore (up 13% YoY) for the quarter ended on 31 March 2023.The scrip rose 1.30% to currently trade at Rs 1307 on the BSE.

CARE Ratings assigns 'A1+' rating to ST facilities of Globus Spirits 

Globus Spirits Standalone March 2023 Net Sales at Rs 540.96 crore, up 12.85% Y-o-Y

Globus Spirits Standalone December 2022 Net Sales at Rs 592.40 crore, up 8.69% Y-o-Y

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

Globus Spirits Ltd. operates as a holding company, which engages in the manufacture and sale of Indian made Indian liquor, bulk alcohol and franchise bottling. The company was founded in 1992 and is headquartered in New Delhi, India.

Watchers	105
52-Wk Low	721.50
52-Wk High	1,327.70

Market Cap	25.1B
Volume (M)	192,218.00
52-Wk High	1,327.70
52-Wk Low	721.50

GLOBUSSPR.NSE Globus Spirits Ltd

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