Meanwhile, the BSE Sensex was up 79.60 points, or 0.28%, to 28,841.19.

On the BSE, so far 78,000 shares were traded in the counter, compared with average daily volumes of 1.11 lakh shares in the past one quarter. The stock had hit a high of Rs 138 and a low of Rs 132.55 so far during the day.

The stock hit a 52-week high of Rs 151 on 1 November 2016. The stock hit a 52-week low of Rs 84 on 24 May 2016. The stock had outperformed the market over the past 30 days till 21 February 2017, rising 16.82% compared with the 6.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.28% as against Sensex's 10.40% rise.

The small-cap company has equity capital of Rs 26.61 crore. Face value per share is Rs 2.

Shares of Radico Khaitan rose 5.87% in two trading sessions to settle at Rs 136.10 yesterday, 21 February 2017, from its close of Rs 128.55 on 17 February 2017.

The stock rallied yesterday, 21 February 2017, after media reports suggested that Bacardi India was in preliminary talks to buy stake in the company. Radico Khaitan, however, clarified to the bourses during trading hours yesterday, 21 February 2017, that the news item was factually incorrect and the company was not aware of any information that had not been announced to the stock exchanges, which could explain the movement in the trading of the company's shares. The stock pared intraday gains and ended higher by 1.68% at Rs 136.10 yesterday, 21 February 2017.

Net profit of Radico Khaitan declined 22.35% to Rs 19.70 crore on 3.40% rise in net sales to Rs 405.89 crore in Q3 December 2016 over Q3 December 2015.

Radico Khaitan is one of the largest players in the Indian spirits industry. Radico Khaitan operates three distilleries and one joint venture with total capacity of 150 million litres. It also has 33 bottling units spread across the country.