Globus Spirits zooms 50% in a week on strong Q4 nos; stock hits new high

Between June 14 and June 17, Franklin Strategic Emerging Markets Fund IV sold 1.96 million shares, representing 6.8 per cent stake of Globus Spirits, through a bulk deals on the NSE

Shares of Globus Spirits hit a new high of Rs 584 after rallying 10 per cent on the National Stock Exchange (NSE) in intra-day trade on Friday. The stock has now zoomed 50 per cent in a week since reporting a more-than-doubled consolidated profit after tax (PAT) at Rs 50.63 crore in the March quarter (Q4FY21), on the back of strong revenue. It had PAT of Rs 19.35 crore in the year-ago quarter.

Globus Spirits is the largest grain-based ENA manufacturer in India with a capacity of 160 million litres. The company is a reputed IMFL (Indian-made foreign liquor)