Key Events This Week
Jan 5: Downgrade from Strong Buy to Buy amid mixed technicals and valuation signals
Jan 5: Technical momentum shifts from mildly bearish to sideways trend
Jan 7: Mildly bullish momentum emerges despite mixed technical indicators
Jan 8: Upgrade back to Strong Buy on improved financials and technicals
Jan 9: Q3 FY26 results show strong margin expansion driving profitability surge
Jan 9: Technical momentum shifts from mildly bullish to sideways amid mixed market signals
Monday, 5 January: Downgrade and Technical Shift Mark Start of Volatility
Globus Spirits began the week with a strong rally, closing at Rs.1,149.70, up 5.74% on the day, significantly outperforming the Sensex which declined 0.18%. This surge followed the announcement of a downgrade by MarketsMOJO from 'Strong Buy' to 'Buy' on 2 January 2026, reflecting a reassessment of mixed technical and valuation signals despite the company’s strong fundamentals. The downgrade highlighted concerns over profit volatility and a sideways technical trend, tempering previous enthusiasm.
Simultaneously, technical momentum shifted from mildly bearish to sideways, with weekly MACD remaining bearish but monthly MACD bullish, and neutral RSI readings. This nuanced technical landscape suggested a pause in downward momentum and potential stabilisation, supported by bullish on-balance volume (OBV) trends. The stock’s 52-week high stood at Rs.1,303.95, with a low of Rs.751.05, indicating a wide trading range.
Tuesday, 6 January: Minor Decline Amid Continued Technical Uncertainty
The stock edged down 0.35% to Rs.1,145.65, marginally underperforming the Sensex which fell 0.19%. Trading volume remained steady at 21,663 shares. The technical indicators continued to reflect mixed signals, with daily moving averages mildly bearish and weekly MACD still bearish, suggesting short-term resistance near current levels. The sideways momentum persisted, indicating consolidation rather than a decisive trend.
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Wednesday, 7 January: Mildly Bullish Momentum Emerges
On 7 January, the stock showed signs of mild bullish momentum, closing at Rs.1,146.75, up 0.10%, while the Sensex gained a marginal 0.03%. This shift was supported by a technical trend change from sideways to mildly bullish, with monthly MACD and Bollinger Bands indicating upward pressure. However, weekly MACD and KST remained bearish, and daily moving averages were mildly bearish, reflecting ongoing short-term caution.
Volume dropped to 4,854 shares, suggesting limited conviction behind the move. Despite mixed signals, the On-Balance Volume indicator remained bullish on weekly and monthly charts, signalling underlying accumulation. The stock’s relative performance remained strong, with a 17.33% gain over the past week compared to the Sensex’s 0.46%.
Thursday, 8 January: Upgrade to Strong Buy on Financial and Technical Improvements
Globus Spirits was upgraded back to 'Strong Buy' by MarketsMOJO on 7 January, reflecting improved financial results and technical indicators. The company reported a 27.52% net profit growth in Q2 FY25-26, highest quarterly PBDIT of Rs.59.45 crores, and an operating profit to net sales ratio of 8.99%. These strong fundamentals, combined with a ROCE of 17.56% and low debt leverage, supported the upgrade.
Technically, the trend shifted to mildly bullish with bullish Bollinger Bands and OBV on weekly and monthly charts, despite some bearish weekly MACD and KST indicators. The stock closed slightly lower at Rs.1,086.15, down 5.28%, reflecting profit-taking amid the upgrade announcement. The Sensex declined 1.41% on the day, indicating broader market weakness.
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Friday, 9 January: Q3 Results and Technical Momentum Shift to Sideways
On the final trading day of the week, Globus Spirits reported strong margin expansion in Q3 FY26, driving a surge in profitability. Despite this, the stock closed at Rs.1,058.25, down 2.57%, continuing the week’s downward trend. The technical momentum shifted from mildly bullish to sideways, reflecting a consolidation phase amid mixed market signals.
Daily moving averages turned mildly bearish, weekly MACD remained bearish, but monthly MACD stayed bullish. The Relative Strength Index hovered neutrally, and the On-Balance Volume indicator continued to show bullish accumulation. The Sensex declined 0.89%, indicating broader market pressures. The stock’s 52-week high remains Rs.1,303.95, with a low of Rs.751.05, underscoring the wide trading range and volatility.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.1,149.70 | +5.74% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.1,145.65 | -0.35% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.1,146.75 | +0.10% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.1,086.15 | -5.28% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.1,058.25 | -2.57% | 36,807.62 | -0.89% |
Key Takeaways
Positive Signals: Globus Spirits demonstrated strong operational fundamentals with a high ROCE of 17.56%, robust quarterly profit growth of 27.52%, and improved operating margins. Institutional investor participation increased, signalling confidence. The upgrade back to Strong Buy on 8 January reflected these strengths alongside bullish monthly technical indicators and sustained volume support.
Cautionary Notes: The stock faced profit volatility and a five-year decline in operating profit at an annualised rate of 5.08%, raising concerns about long-term growth sustainability. Technical momentum was mixed, with weekly and daily indicators often bearish or neutral, leading to sideways or mildly bearish short-term trends. The stock’s price declined 2.67% over the week, slightly underperforming the Sensex.
Overall, the week was characterised by a tug-of-war between strong fundamentals and cautious technical signals, resulting in consolidation and moderate price correction after an initial rally.
Conclusion
Globus Spirits Ltd’s week was marked by significant technical and fundamental developments that shaped a nuanced market response. The initial downgrade to Buy and subsequent upgrade back to Strong Buy reflected evolving assessments of the company’s financial health and technical outlook. Despite strong quarterly earnings and attractive valuation metrics, the stock faced short-term selling pressure and mixed technical momentum, culminating in a 2.67% weekly decline.
The stock’s performance relative to the Sensex was marginally weaker, underscoring the impact of broader market volatility and sector-specific dynamics. Investors should consider the company’s solid operational metrics and institutional interest alongside the current technical consolidation phase. Monitoring key support and resistance levels, as well as upcoming earnings and market developments, will be essential for assessing the stock’s trajectory in the near term.
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