Globus Spirits stock dropped 50% since Jan 2022 but Incred sees 86% upside ahead – here’s why
Live MintShares of Globus Spirits have been on a downward trend since January 2022, primarily due to challenges such as rising raw material and power costs over the past two years. Now, with raw material and power costs stabilising, Globus Spirits is experiencing positive momentum, especially with its expansion into key whisky segments, including single malt, which is expected to enhance the company’s growth prospects, according to domestic brokerage firm Incred Equities. Firing on All Cylinders Globus Spirits operates in three key segments: Extra Neutral Alcohol, which includes ethanol; Indian Made Indian Liquor ; and Indian Made Foreign Liquor. Globus Spirits has entered the mid-segment of whisky, covering major price points and segments, including the regular and single malt categories.
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