Global Spirits fizzes out on bourses
DSIJ Intelligence / 28 Sep 2016
Global Spirits has been buzzing on bourses with the stock gaining 2.96 per cent and trading at Rs 108 per share on Wednesday at 9.50 am. The stock made a new 52 week high at Rs 110.45 on an intraday basis.
Global Spirits has been buzzing on bourses with the stock gaining 2.96 per cent and trading at Rs 108 per share on Wednesday at 9.50 am. The stock made a new 52 week high at Rs 110.45 on an intraday basis.
The company’s operations recently have been disrupted in Bihar due to heavy rains. The Nitish government in Bihar has subsequently announced certain reliefs for the companies affected by the floods in Bihar.
The operating profits for the company have been steadily increasing year on year for past three years jumping to Rs 69.91 crore from Rs 44.96 crore. The profit after tax has increased by almost 77 per cent to 12.54 crore in March 16 from Rs 7.07 crore for the period of March 15.
The stock has gained 95 per cent over a 1-year period. Over a 1-month time frame the stock has advanced by an impressive 40 per cent.
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