Hot Pursuit     03-Aug-17
Radico Khaitan declines after recent sharp rally
Radico Khaitan fell 3.39% to Rs 144.10 at 14:42 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 259.02 points, or 0.8% at 32,217.72. The S&P BSE Small-Cap index was down 158.12 points, or 0.98% at 15,905.35.

On the BSE, 1.43 lakh shares were traded on the counter so far as against the average daily volumes of 92,378 shares in the past one quarter. The stock had hit a high of Rs 150.55 and a low of Rs 144 so far during the day. The stock had hit a 52-week high of Rs 151 on 1 November 2016 and a 52-week low of Rs 84.50 on 11 August 2016.

The stock had outperformed the market over the past one month till 2 August 2017, advancing 22.4% compared with the Sensex's 5.03% rise. The scrip had also outperformed the market over the past one quarter advancing 21.71% as against the Sensex's 8.54% rise. The scrip had also outperformed the market over the past one year advancing 66% as against the Sensex's 16.06% rise.

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

Shares of Radico Khaitan had rallied 16.89% in the preceding four trading sessions to settle at Rs 149.15 yesterday, 2 August 2017, from its close of Rs 127.60 on 27 July 2017.

Radico Khaitan's net profit rose 16.7% to Rs 25.69 crore on 4% decrease in net sales to Rs 411.29 crore in Q1 June 2017 over Q1 June 2016.

Radico Khaitan is one of India's oldest liquor manufacturers.

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