Stock Review: GLOBUS SPIRITS

Delhi-based liquor manufacturer Globus Spirits hit the capital market in late 2009 to raise funds to expand capacities and tap the nationwide market with its own liquor brands. The company has utilized the entire proceeds of 75 crore for its expansion plans. Its consolidated revenue grew in double digits and profit doubled in the nine months ended December 2010. Given its growth momentum and expansion in margins, investors can hold the stock.