Hot Pursuit     07-Jun-21
Radico Khaitan hits record high; rises for sixth day
Radico Khaitan jumped 7.27% to Rs 694.80, extending gains for the sixth session.

The stock has added 13.84% in six sessions, from its recent closing low of Rs 610.50 on 28 May 2021.

The scrip surged 8.42% to hit the day's high at Rs 702.25, which is also a record high for the counter.

Share of the liquor maker have zoomed 115.44% from its 52-week low of Rs 322.5 hit on 12 June 2020.

On the technical front, the stock's RSI (relative strength index) stood at 78.80. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 564.22, 552.13 and 493.44, respectively.

Radico Khaitan is one of the oldest and the largest manufacturers of Indian Made Foreign Liquor (IMFL) in India.

On a consolidated basis, the company posted a 91.3% jump in net profit to Rs 73.55 crore on 18.7% rise in net sales to Rs 694.73 crore in Q4 FY21 over Q4 FY20.

Previous News
  Radico Khaitan consolidated net profit declines 22.62% in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   16:57 )
  Radico Khaitan receives favourable revision in credit ratings for bank facilities
 ( Corporate News - 13-Jun-24   13:23 )
  Radico Khaitan to announce Quarterly Result
 ( Corporate News - 30-Apr-24   10:29 )
  Radico Khaitan launches Jaisalmer Indian Craft Gin ‘Gold Edition'
 ( Corporate News - 26-Jun-24   09:52 )
  Radico Khaitan consolidated net profit declines 31.78% in the March 2022 quarter
 ( Results - Announcements 30-May-22   17:56 )
  Radico Khaitan unveils Sangam World Malt Whisky at ProWein 2023
 ( Corporate News - 20-Mar-23   14:01 )
  Radico Khaitan Ltd stays well supported
 ( Hot Pursuit - 30-Dec-21   13:05 )
  Radico Khaitan consolidated net profit rises 35.68% in the June 2021 quarter
 ( Results - Announcements 28-Jul-21   14:50 )
  Radico Khaitan AGM scheduled
 ( Corporate News - 01-Sep-22   12:21 )
  Radico Khaitan Ltd soars 4.23%, up for third straight session
 ( Hot Pursuit - 24-Aug-22   13:05 )
  Radico Khaitan to convene AGM
 ( Corporate News - 13-Aug-18   16:38 )
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