Getty ImagesRelated
ICICI Direct has buy call on Globus Spirits with a target price of Rs 1750. The current market price of Globus Spirits Ltd. is Rs 1270.
Time period given by analyst is one year when Globus Spirits Ltd. price can reach defined target.
Globus Spirits Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 3686.31 Crore) operating in Beverages - Alcoholic sector.
Globus Spirits Ltd. key Products/Revenue Segments include Alcohol (Industrial), Other Services and Duty Drawback for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 371.60 Crore, up 3.80 % from last quarter Total Income of Rs 357.99 Crore and up 60.89 % from last year same quarter Total Income of Rs 230.96 Crore. Company reported net profit after tax of Rs 55.67 Crore in latest quarter.
Investment Rationale
Globus Spirits has been a beneficiary of the changing dynamics in the liquor space (inflation in ENA prices and growth in IMIL space due to better quality, higher strength and attractive product positioning). The management has been at the forefront in capturing the opportunities.
Time period given by analyst is one year when Globus Spirits Ltd. price can reach defined target.
Globus Spirits Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 3686.31 Crore) operating in Beverages - Alcoholic sector.
Globus Spirits Ltd. key Products/Revenue Segments include Alcohol (Industrial), Other Services and Duty Drawback for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 371.60 Crore, up 3.80 % from last quarter Total Income of Rs 357.99 Crore and up 60.89 % from last year same quarter Total Income of Rs 230.96 Crore. Company reported net profit after tax of Rs 55.67 Crore in latest quarter.
Investment Rationale
Globus Spirits has been a beneficiary of the changing dynamics in the liquor space (inflation in ENA prices and growth in IMIL space due to better quality, higher strength and attractive product positioning). The management has been at the forefront in capturing the opportunities.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Pick the best stocks for yourself
Powered by
Get Unlimited Access to The Economic Times
