Posted On: August 19, 2023

Stock Report: GLOBUSSPR(NSE) 17 AUG 2023 

Outlook: BEARISH

Sector: Consumer Defensive    

Industry: Beverages – Wineries    

Globus Spirits Ltd was incorporated on February 16, 1993 as Globus Agronics Ltd. In April 1994, the company commenced production in their first distillery unit in Haryana which has an installed capacity of 144 lakh Bulk Litres per annum. 

#xCalData predicts that # GLOBUSSPR will continue its bearish phase over the next five days and trend within the range of 784 to 940.  

In comparison to the previous month, the price of the stock has experienced a decline of 26.23% indicating a bearish.

The Stock has doubled four times since 27 Mar 2015 and took an average of 1.6 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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