Globus Spirits has target of about Rs 140: Gujral

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Globus Spirits has target of closer to Rs 140, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "Globus Spirits IPO did not do initially too well but once these things take out their listing prices they tend to fly as we have seen with Jubilant Foodworks."

HE further added, "Globus Spirits has good support at around Rs 125 and in coming days could make further fresh highs. Target for the day could be closer to about Rs 140."

Globus Spirits has touched a 52 week high of Rs 138.40. At 12:05 hrs the share was quoting at Rs 134.00, up Rs 5.85, or 4.56% with volumes of 756,228 shares. Market capitalisation stands at Rs 264.75 crore.