India's Globus Spirits jumps on adding capacity at 2 units

United Spirits

01/04/2024 09:21

** Shares of liquor maker Globus Spirits  GLOS.NS  up 11%,
on track for steepest intraday rise since Feb. 2022 
    ** Co commenced production of additional capacity at two
existing units in the Indian states of Jharkhand and West Bengal
    ** Trading volumes are 4.5 times the 30-day avg 
    ** Stock fell ~24% in March-qtr, its third straight
quarterly loss
    ** Bigger rivals United Spirits  UNSP.NS  and Radico Khaitan
 RADC.NS  gained 1.5% and 4.2%, respectively, in the same
period, while United Breweries  UBBW.NS  lost 2.8% 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))