Globus Spirits extend rally, up 40% in three-days

The company is in discussions with foreign partners for launch of IMFL brands in the premium category

Globus Spirits has soared 13% to Rs 133, extending its past two days’ rally on the back of huge volumes. As many as a combined 2.25 million shares have already changed hands on the counter in morning trades, as against an average of around 400,000 shares that were traded daily in past two weeks.

Shares of the liquor-maker have zoomed 40% in past three trading sessions on reports that the company is in discussions with foreign partners for launching India Made Foreign Liquor (IMFL) brands in the premium category.

Meanwhile, on Monday, July 06, 2012 Franklin Templeton Mutual Fund has sold 150,151 shares of Globus Spirits at Rs 96 through bulk deal on the National Stock Exchange. However, the buyer of the shares could not be ascertained immediately.