With all the noise about Russia..Globus is a company which doesn't get hurt by the global crisis coz its fully focused on India.
Their distillation plants are growing and now beyond alcohol they are focusing on Ethanol to oil marketing companies too which helps sell out their spare capacities.
Long above 1392 with a stoploss below 1320. Globus is among the few stocks which actually had a positive week (Indicating Relative Strength)
Note: This stock is very volatile but look to catch it if it falls again too..
Their distillation plants are growing and now beyond alcohol they are focusing on Ethanol to oil marketing companies too which helps sell out their spare capacities.
Long above 1392 with a stoploss below 1320. Globus is among the few stocks which actually had a positive week (Indicating Relative Strength)
Note: This stock is very volatile but look to catch it if it falls again too..