Globus Spirits hits record high in a weak market; surges 67% in 1 month

In Q1FY21, the company's Ebitda margin grew by 785 basis points YoY to 18.0 per cent on account of higher ENA realisations and softening raw material and fuel prices

Shares Globus Spirits were locked in the 5 per cent upper circuit band at Rs 224.80 -- also its fresh record high -- on the BSE on Wednesday on expectation of strong earnings going forward.

The stock of the breweries and distilleries has outperformed the market by surging 67 per cent, as compared to 0.29 per cent rise in the S&P BSE Sensex in the past month. In the past three months, it has zoomed 111 per cent, as against 12.4 per cent gain in the benchmark index. Till 02:05 pm, a combined 682,752 equity shares had changed hands and