Stock Reco: Buy Globus Spirits. It is well placed to capture the extreme ends of the liquor industry

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Globus Spirits is well placed to capture extreme ends of liquor industry: ICICI Direct

Globus Spirits Ltd is the latest pick of celebrity fund manager Kenneth Andrade. Today, his PMS Fund named OLD BRIDGE CAPITAL MANAGEMENT PRIVATE LIMITED bought 7,25,701 shares of the Company at Rs. 495 each. The stock went to the upper circuit of 20% and closed at Rs. 531. ICICI Direct has issued a research report and recommended a buy for the target price of Rs. 690. It is stated in the report that Globus Spirits is well placed to capture the extreme ends of the liquor industry. It is a beneficiary of the changing dynamics in the liquor space. The Management has been at the forefront in capturing opportunities.

Click here to download the research report