Globus Spirits at new high as promoter, institutional investors buy stake

On Wednesday, August 12, promoter Ram Bagh Facility Services LLP bought an additional 162,000 shares, while Long Term Equity Fund purchased 175,000 shares of the company

Shares of Globus Spirits were locked in the upper circuit for the fifth straight trading day, up 5 per cent at Rs 941, also its new high on the National Stock Exchange (NSE) on Friday after the promoter and institutional investors bought a stake in the company through the open market.

In the past one week, the stock of breweries & distilleries company has rallied 28 per cent, as compared to a 1.5 per cent gain in the Nifty50 index. Till 10:05 am, a combined 195,000 equity shares had changed hands and there were pending buy orders for around 14,000 shares