After Giving 695% Return In 5 Yrs, Spirit Stock Hits 52-Week Low: Offers Rs. 3 Dividend

Popular liquor stock Globus Spirits Ltd. hits a fresh 52-week low today, on October 21. Its share price stood at Rs. 809 a piece, down by around 1.05% in trade. Major challenges for liquor stocks are brand reputation and price competition. However, this multibagger stock has fallen significantly since April, 2022. June 2021 to April 2022 was a bull run for the company.

In the last month, after its Annual General Meeting, the management declared a dividend of Rs. 3 / Share. September 15, 2022 was the ex-date for the dividend, as per NSE data.

Globus Spirits Ltd. - stock performance

In the last 5 days, the share of Globus Spirits Ltd. fell by 2.04%, and in the past 1 month it has fallen by 7.93%, but the stock fell by 42.44% in the last 6 months. In the last 1 year its share price fell by 32.25%, and in the last 5 years it has surged by 695.87%, making it a top multibagger stock. It is a mid-cap stock with a market capitalization of Rs. 2,327 crore.

The 52-week high level of this stock is Rs. 1,759.50, and the 52-week low level of this stock is Rs. 805.

According to data available with NSE, in Q1 FY23, the company's total income stood at Rs. 68,466.20 lakh, as against Rs. 65,603.02 lakh in the previous quarter. The company, established in 1993, has divided its business into 4 divisions, IMIL (Indian Manufactured Indian Liquor), IMFL (Indian Made Foreign Liquor), IMFL Packaging, and Wholesale Alcohol.

Commenting on the stock, simplywall.st said, "Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Globus Spirits's earnings have been skyrocketing, up 63% per annum for the past five years."

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