Globus Spirits rises on starting commercial production at newly set up unit in Uttar Pradesh
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Globus Spirits is currently trading at Rs. 795.20, up by 6.65 points or 0.84% from its previous closing of Rs. 788.55 on the BSE.
The scrip opened at Rs. 795.05 and has touched a high and low of Rs. 800.20 and Rs. 788.80 respectively. So far 11739 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1326.25 on 05-Jul-2023 and a 52 week low of Rs. 656.10 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 800.20 and Rs. 739.80 respectively. The current market cap of the company is Rs. 2294.04 crore.
The promoters holding in the company stood at 50.98%, while Institutions and Non-Institutions held 5.87% and 43.15% respectively.
Globus Spirits has commenced commercial production with a bottling capacity of 25000 cases per line per month in its newly set up unit located at District :-LakhimpurKheri, Uttar Pradesh. As on date 2 lines have been commissioned with one line dedicated to Tetra. The said bottling production has been completed with a total investment of Rs 38 crore financed largely through internal accruals and a term loan drawdown of Rs 15 crore.
Globus Spirits (the Group) is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer and Franchise Bottling.
