Posted On: August 21, 2023

Stock Report: GLOBUSSPR(NSE) 20 Aug 2023

Outlook: BEARISH

Sector: Consumer Defensive    

Industry: Beverages – Wineries & Distilleries     

Globus Spirits Ltd is engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL) Indian Made Foreign Liquor (IMFL), Bulk Alcohol, and Franchise Bottling. The IMFL brands of the company include Country Club, French Castle, Hannibal Legendary, and White Lace.

#xCalData predicts that #GLOBUSSPR will continue its Bearish phase over the next five days and trend within the range of 792 to 906.  

In comparison to the previous month, the price of the stock has experienced a decline of -24.86% indicating a Bearish.

The Stock has doubled 4 time(s) since 27 Mar 2015 and took an average of 1.6 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given positive returns in 4 years in the past.

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

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

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