Shares of Globus Spirits Limited surged by 4% to Rs 1,370 in morning trading after the company announced its entry into the luxury whiskey market with the launch of DŌAAB India Craft Whisky. This marks the company’s debut in the premium whiskey sector, offering a new perspective on the expanding segment.
The limited-edition DŌAAB India Craft Whisky takes inspiration from the Hindi word “DOAAB,” symbolizing the land between two rivers, and represents a fusion of different influences. The brand’s first release, “Six Blind Men and the Elephant,” is a single malt aged in ex-bourbon barrels, with only 500 casks produced, paying homage to Indian storytelling.
Earlier in September, Motilal Oswal Mutual Fund acquired 2 lakh shares (0.69% stake) of Globus Spirits through a block deal on the NSE.
Globus Spirits operates fully integrated distilleries across five locations and has seen its stock rally over 55% in the past month. As of 11:10 am, the company’s shares were trading at Rs 1,335, up more than 1% on the NSE.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
