Globus Spirits | Q1FY24 Result Update
Edelweiss
Growth may moderate amid disruptions
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
---|---|---|---|---|---|---|---|---|---|---|---|
18 Aug 2023 | Globus Spirits |
Edelweiss
|
1042.90 | 1146.00 | 925.75 (12.65%) |
Buy
|
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18 Aug 2023 | Sula Vineyards |
Keynote Capitals Ltd
|
300.25 | 587.00 | 494.95 (-39.34%) | Target met |
Buy
|
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31 Jul 2023 | United Breweries |
Motilal Oswal
|
1980.40 | 1200.00 | 1540.25 (28.58%) |
Sell
|
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24 Jul 2023 | United Spirits |
Keynote Capitals Ltd
|
1364.60 | 999.00 | 977.65 (39.58%) | Target met |
Neutral
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23 Jul 2023 | United Spirits |
ICICI Securities Limited
|
1364.60 | 1100.00 | 1039.05 (31.33%) | Target met |
Accumulate
|
Enduring the premium journey
ICICI Securities Limited
Prestige and Above (P&A) continued to outperform led by mix improvement, portfolio reshape initiatives through innovations and renovations. Balanced volume (10% YoY) and price/mix growth (11% YoY) in P&A is positive vs largely mix-driven growth in previous few quarters.
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30 May 2023 | Radico Khaitan |
Sharekhan
|
2753.40 | 1250.00 | 1173.10 (134.71%) | Target met |
Hold
|
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26 May 2023 | Radico Khaitan |
ICICI Direct
|
2753.40 | 1350.00 | 1161.45 (137.07%) | Target met |
Buy
|
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22 May 2023 | United Spirits |
Keynote Capitals Ltd
|
1364.60 | 891.00 | 823.65 (65.68%) | Target met |
Neutral
|
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21 May 2023 | United Spirits |
ICICI Securities Limited
|
1364.60 | 900.00 | 817.05 (67.02%) | Target met |
Accumulate
|
Portfolio reshape playing out well, for now
ICICI Securities Limited
Continued outperformance in Prestige & Above (P&A) in Q4FY23 driven by portfolio reshape initiatives through innovations and renovations is pleasing. Further, balanced volume (~10% YoY) and price / mix growth (~12% YoY) in Q4FY23 vs largely mix driven growth in previous few quarters is also good though it had benefits of BIO normalisation.
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21 May 2023 | United Spirits |
ICICI Direct
|
1364.60 | 1000.00 | 817.05 (67.02%) | Target met |
Buy
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