Globus Spirits rose 0.19% to Rs 78.05 at 15:15 IST on BSE, with the stock retracting from 52-week high after Rajasthan Global Securities purchased a total of 6.30 lakh shares of the company in bulk deals on BSE and NSE on Tuesday, 24 November 2015.
Meanwhile, the S&P BSE Sensex was up 186.60 points or 0.72% at 25,962.34.
The stock advanced on heavy volumes. On BSE, so far 19.30 lakh shares were traded in the counter as against average daily volume of 46,386 shares in the past one quarter.
The stock was volatile. The stock surged as much as 16.88% at the day's high of Rs 91.05 so far during the day, which is a 52-week high for the counter. The stock lost as much as 3.2% at the day's low of Rs 75.40 so far during the day. The stock had hit a 52-week low of Rs 39.25 on 30 March 2015.
The stock had outperformed the market over the past one month till 24 November 2015, surging 25.44% compared with Sensex's 6.17% fall. The scrip had also outperformed the market in past one quarter, jumping 40.74% as against Sensex's 0.13% rise.
The small-cap company has equity capital of Rs 28.80 crore. Face value per share is Rs 10.
Rajasthan Global Securities bought 3.09 lakh shares of Globus Spirits at an average price of Rs 65.88 per share on the BSE on Tuesday, 24 November 2015. Further, it has purchased 3.21 lakh shares of Globus Spirits at Rs 65.82 per share on NSE. Also, Shilpa Porinju Veliyath purchased 1.55 lakh shares of the company at an average price of Rs 66.30 per share in a bulk deal on the NSE on Tuesday, 24 November 2015. The stock market was closed yesterday, 25 November 2015, for a holiday.
Globus Spirits' net profit rose 2.4% to Rs 1.26 crore on 18.1% growth in net sales to Rs 161.16 crore in Q2 September 2015 over Q2 September 2014.
Globus Spirits is engaged in manufacturing, marketing and sale of IMIL, Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands.
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