Globus Spirits remains kicked up

Globus Spirits announced on the 28th of Dec that it had resumed its operation and commenced its commercial production (with a production capacity of 80,000 Bulk Litre per day) at its Bihar unit from 2nd Dec. This was “after removing all the technical bottlenecks at its unit.” The plant had to be shut due to flooding at the factory premises caused by heavy rains since September 05, 2016. 

Since the past two days, the stock price has been showing a spirited run on the bourses, with the price going up even today by almost 3.5% to Rs.92, continuing to remain firmly in the green. Its 52-week high is at Rs.115.

The company caters to four segments of the alcohol industry – Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), IMFL Bottling and Bulk Alcohol. And its brands includes Country Club, Nimboo, White Lace, Hannibal Legend amongst many more.