{"id":107336,"date":"2023-08-17T16:11:24","date_gmt":"2023-08-17T10:41:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107336"},"modified":"2023-08-17T16:11:26","modified_gmt":"2023-08-17T10:41:26","slug":"block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/","title":{"rendered":"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1200745890\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2622749944\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to reports, about 25 lakh shares or 8.5 percent equity of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GLOBUSSPR\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Globus Spirits<\/a><\/strong> changed hands at an average of \u20b9 975- \u20b9 985 per share, indicating a discount of 1-2 percent from Wednesday\u2019s closing price of \u20b9 995. Details of the buyers and sellers could not be ascertained immediately.\u00a0<\/p><p>Globus Spirits, manufactures and sells Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol hand sanitizer, and franchise bottling. It has a unique 360\u2070 model straddling the entire alcohol value chain.&nbsp;<\/p><p>The company\u2019s quarterly revenue stood at \u20b9 570.09 crores in Q1FY24 (April to June 2023), up 15.07 percent compared to \u20b9 495.42 crores in the corresponding period a year ago. Its net profit rose 4 percent to \u20b9 38.80 crores in Q1FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3300966025\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market capitalization of \u20b9 2,870 crores, Globus Spirits is a small-cap company. It has a low return on equity of 14.73 percent and an ideal debt-to-equity ratio of 0.33. Its shares were trading at a price-to-earnings ratio (P\/E) of 23.23, which is lower than the industry P\/E of 29.86, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 51.01 percent stake in it, followed by retail investors with 39.89 percent, foreign institutions with 4.76 percent and mutual funds with a 4.43 percent stake.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-775204061\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a According to reports, about 25 lakh shares or 8.5 percent equity of Globus Spirits changed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11023,11021,11020,948,936,11022],"class_list":["post-107336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-globus-spirits-block-deal","tag-globus-spirits-latest-news","tag-globus-spirits-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-globus-spirits-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands\" \/>\n<meta property=\"og:description\" content=\"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-17T10:41:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-17T10:41:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/\",\"url\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/\",\"name\":\"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg\",\"datePublished\":\"2023-08-17T10:41:24+00:00\",\"dateModified\":\"2023-08-17T10:41:26+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands - Trade Brains Features","description":"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/","og_locale":"en_US","og_type":"article","og_title":"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands","og_description":"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a","og_url":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-08-17T10:41:24+00:00","article_modified_time":"2023-08-17T10:41:26+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/","url":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/","name":"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg","datePublished":"2023-08-17T10:41:24+00:00","dateModified":"2023-08-17T10:41:26+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of an alcohol manufacturer pared 8 percent on Thursday\u2019s trades to reach an intraday low of \u20b9 915.00 apiece after a huge block deal took place on the counter. At 03:26 PM, its shares were trading at \u20b9 920.00.\u00a0a","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/06\/Alcohol.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/block-deal-alcohol-stock-falls-8-after-25-lakh-shares-of-the-company-changed-hands\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Block Deal: Alcohol stock falls 8% after 25 Lakh shares of the company changed hands"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=107336"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107336\/revisions"}],"predecessor-version":[{"id":107337,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107336\/revisions\/107337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/104156"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=107336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=107336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=107336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}