Key Events This Week
16 Feb: Very positive quarterly financial performance announced
16 Feb: Bullish momentum shift confirmed by technical indicators
17 Feb: Stock hits upper circuit amid strong buying pressure
17 Feb: Valuation shift highlights price attractiveness amid sector comparisons
20 Feb: Week closes at ₹50.55 (+10.25%) outperforming Sensex
16 February 2026: Strong Quarterly Results Spark Initial Gains
Globe International Carriers Ltd kicked off the week with the announcement of a very positive quarterly financial performance for the December 2025 quarter. The company reported net sales of ₹47.31 crores, a robust 23.49% increase year-on-year, significantly outpacing the transport services sector’s average growth. Operating profit margins expanded to a record 21.52%, with PBDIT reaching ₹10.18 crores and profit before tax (excluding other income) at ₹8.92 crores.
Net profit after tax rose to ₹4.37 crores, with earnings per share hitting ₹0.78, marking the highest levels in recent history. The operating profit to interest coverage ratio surged to 8.63 times, signalling strong financial health despite a sharp 89.30% rise in interest expenses to ₹3.54 crores over nine months. The stock closed at ₹45.85, unchanged from the previous close, reflecting cautious optimism amid these strong fundamentals.
Additionally, the company’s Mojo Score improved to 70.0, upgrading its Mojo Grade to Buy, reflecting increased confidence in its growth trajectory and operational efficiency.
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16 February 2026: Bullish Technical Momentum Gains Traction
On the same day, technical indicators signalled a bullish momentum shift for Globe International Carriers. The stock traded within ₹44.00 to ₹45.95, closing at ₹45.85, showing a 3.73% gain from the previous close of ₹44.20. The price approached its 52-week high of ₹51.50, supported by bullish daily moving averages and Bollinger Bands on weekly and monthly charts.
While weekly MACD and KST oscillators showed mild bearishness, monthly indicators turned bullish, suggesting strengthening long-term momentum. The Relative Strength Index (RSI) remained neutral, indicating room for further price appreciation without immediate overbought risk. On-Balance Volume (OBV) was bullish monthly, reflecting accumulation by investors.
This technical backdrop, combined with the company’s strong fundamentals, laid the foundation for the week’s subsequent price rally.
17 February 2026: Upper Circuit Hit Amid Robust Buying Pressure
Globe International Carriers Ltd surged sharply on 17 February, hitting the upper circuit limit and closing at ₹48.00, a 4.69% daily gain. The stock opened at ₹45.00 and reached an intraday high of ₹48.10, driven by strong buying interest and significant unfilled demand. The regulatory freeze on further transactions underscored the intensity of investor enthusiasm.
Trading volume was robust at 2.76 lakh shares, generating a turnover of ₹1.29582 crore. Delivery volume on 16 February had already surged by 64.74% compared to the five-day average, signalling rising investor participation. The stock traded above all key moving averages, reinforcing the sustained uptrend.
Despite its micro-cap status with a market capitalisation of ₹522 crore, Globe International Carriers outperformed the sector and Sensex by 2.67% and 4.52% respectively on the day, highlighting its relative strength within the transport services sector.
17 February 2026: Valuation Shift Highlights Price Attractiveness
Alongside the price rally, Globe International Carriers’ valuation profile shifted from very expensive to expensive. The price-to-earnings (P/E) ratio stood at 104.54, still elevated but moderated from previous levels. The price-to-book value (P/BV) was 5.59, with EV/EBITDA and EV/EBIT multiples at 58.57 and 61.30 respectively, reflecting a premium valuation.
The PEG ratio of 1.36 suggested that growth expectations somewhat justify the high multiples, though return metrics such as ROCE (7.44%) and ROE (5.35%) remained modest. Compared to peers, Globe International Carriers commands a significant premium, with competitors like Western Carriers and Ritco Logistics trading at much lower multiples.
This valuation adjustment indicates a subtle improvement in price attractiveness but also signals caution for value-conscious investors given the premium pricing.
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18-20 February 2026: Steady Gains Amid Mixed Market Conditions
Following the upper circuit event, Globe International Carriers continued its upward trajectory, closing at ₹49.20 (+2.29%) on 18 February, ₹49.80 (+1.22%) on 19 February, and ₹50.55 (+1.51%) on 20 February. These gains occurred despite the Sensex experiencing a notable decline of 1.45% on 19 February, highlighting the stock’s resilience and relative strength.
Volumes moderated but remained healthy, with daily traded shares ranging from approximately 1.33 lakh to 2.09 lakh. The stock’s ability to sustain gains amid broader market volatility reflects strong investor conviction and positive sentiment driven by the company’s fundamentals and technical outlook.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.45.85 | +0.00% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.48.10 | +4.91% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.49.20 | +2.29% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.49.80 | +1.22% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.50.55 | +1.51% | 36,674.32 | +0.41% |
Key Takeaways
Positive Signals: Globe International Carriers demonstrated strong operational performance with 23.49% quarterly revenue growth and record margin expansion, driving a 10.25% weekly price gain. The stock’s technical indicators, particularly monthly MACD, KST, and Bollinger Bands, support sustained bullish momentum. The upper circuit hit on 17 February reflected robust investor demand and confidence. The Mojo Score upgrade to 71.0 and Buy grade further reinforce positive sentiment.
Cautionary Notes: Despite strong earnings growth, the company’s interest expenses rose sharply by 89.30%, which could pressure net margins if unchecked. Valuation remains elevated with a P/E of 104.54 and P/BV of 5.59, signalling premium pricing relative to peers. Modest ROCE (7.44%) and ROE (5.35%) suggest room for improvement in capital efficiency. Short-term technical indicators show some mild bearishness, warranting monitoring for potential consolidation.
Conclusion
Globe International Carriers Ltd’s performance this week highlights a compelling combination of strong fundamental results and positive technical momentum, driving significant outperformance versus the Sensex. The company’s ability to sustain revenue growth and margin expansion amid sector challenges has been rewarded by investors, as evidenced by the upper circuit event and steady price appreciation. However, elevated valuation multiples and rising interest costs suggest that investors should remain attentive to operational execution and market conditions. Overall, the stock’s upgraded Mojo Grade to Buy and robust weekly gains position it as a noteworthy player in the transport services sector’s recovery phase.
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