Radico Khaitan Hits Day High with Strong 5.35% Intraday Surge
Radico Khaitan has achieved a new all-time high, reflecting strong momentum in the beverages sector. The stock has shown impressive gains over various time frames, significantly outperforming the broader market. Its consistent upward trend is supported by favorable moving averages, contributing to positive sentiment in the midcap segment.
Radico Khaitan, a midcap player in the beverages industry, has shown significant momentum today, gaining 5.35% and reaching an intraday high of Rs 3276.8. This marks a new 52-week and all-time high for the stock, reflecting a robust performance that has outpaced its sector by 4.75%. Over the past four days, Radico Khaitan has consistently gained, accumulating a total return of 12.3%.In terms of moving averages, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock's performance over various time frames has been impressive, with a 1-year increase of 46.56% and a remarkable 5-year growth of 664.53%, significantly surpassing the broader market's performance.
As the Sensex also reached a new 52-week high today, trading at 84,363.37, Radico Khaitan's performance contributes to the positive sentiment in the midcap segment, which is leading the market with a gain of 0.69%.
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