Highlights

• Globus Spirits shares dropped over 9% after failing to sustain recent gains above ₹1,100.
• Selling pressure emerged following a sharp recovery rally in recent weeks.
• The stock remained volatile as traders tracked support near the ₹970 zone.

Overview

Globus Spirits (NSE: GLOBUSSPR) declined 9.31% on May 8, 2026, trading near ₹1,021.90 during the session. The stock opened at ₹1,115.00 and slipped to an intraday low of ₹989.50 against the previous close of ₹1,126.80.

The correction came after a strong upward move seen since April, when the stock rebounded sharply from lower levels near ₹800. Friday’s decline pushed the stock among the major losers in the broader liquor and ethanol-related segment.

Fundamental View

For the quarter ended December 31, 2025, Globus Spirits reported standalone total income of INR 94,045.49 lakh. Profit before tax stood at INR 4,232.19 lakh, while net profit came at INR 3,142.03 lakh. Earnings per share for the quarter was reported at INR 10.85.

Investors continue monitoring ethanol demand trends, grain prices, state-level liquor demand, and margin movement across the distillery business.

Technical View

Globus Spirits is trading near ₹1,021.90 and remains above its 50-day SMA around ₹933.67, indicating that the broader recovery trend is still partly intact despite the sharp correction.

However, price action reflects aggressive profit booking after the stock failed to hold above the ₹1,100 mark. The latest decline also increased volatility as traders reacted to the sudden reversal from recent highs.

Momentum Indicator

Momentum indicators cooled after the recent correction, reflecting fading short-term strength following the strong recovery rally. Traders may continue monitoring whether momentum stabilizes near support levels.

Key Technical Levels

• Immediate Support: ₹970.00
• Secondary Support: ₹900.00
• Immediate Resistance: ₹1,125.00
• Higher Resistance: ₹1,200.00

Risks To Watch

• Continued profit booking may pressure prices further.
• Raw material cost fluctuations can affect margins.
• Volatility may remain elevated after the sharp decline.
• Failure to hold ₹970 may weaken near-term sentiment.

Summary

Globus Spirits shares came under heavy pressure after a strong recovery rally in recent weeks, with the stock falling more than 9% during Friday’s session. Although the broader structure remains above the 50-day SMA, near-term sentiment weakened after the stock failed to sustain above ₹1,100. Traders may continue monitoring support near ₹970 and resistance around ₹1,125–₹1,200 for further direction.

FAQs

Why did Globus Spirits shares fall today?

The stock witnessed sharp profit booking after a strong recovery rally in recent weeks.

What are the key support levels for GLOBUSSPR?

Immediate support is placed near ₹970, while the next support zone is around ₹900.

Why is the ₹1,100 level important for Globus Spirits?

The stock faced heavy selling pressure after failing to sustain above the ₹1,100 mark.