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 Ltd up for five straight sessions
 ( Hot Pursuit - 05-Feb-24   13:00 )
  Radico Khaitan Ltd gains for third consecutive session
 ( Hot Pursuit - 05-Jul-23   13:05 )
  Radico Khaitan's Morpheus Brandy records sales of 1 million cases
 ( Corporate News - 27-May-24   18:11 )
  Radico Khaitan to convene board meeting
 ( Corporate News - 15-May-23   15:58 )
  Radico Khaitan Ltd spurts 1.42%
 ( Hot Pursuit - 31-Jul-23   13:05 )
  Radico Khaitan to discuss results
 ( Corporate News - 07-Nov-22   10:12 )
  Radico Khaitan standalone net profit declines 2.57% in the June 2022 quarter
 ( Results - Announcements 11-Aug-22   09:06 )
  Radico Khaitan Q4 PAT climbs 52% YoY to Rs 57 cr
 ( Hot Pursuit - 15-May-24   12:50 )
  Radico Khaitan Ltd soars 4.23%, up for third straight session
 ( Hot Pursuit - 24-Aug-22   13:05 )
  Radico Khaitan hits all time high; rises 7% in two days
 ( Hot Pursuit - 29-Dec-21   14:35 )
  Radico Khaitan Ltd spurts 1.09%, gains for fifth straight session
 ( Hot Pursuit - 06-Oct-22   13:00 )
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