Radico Khaitan Ltd. Achieves All-Time High, Outperforms Sector by 5.68%

Radico Khaitan Ltd., a leading player in the breweries and distilleries industry, has recently reached an all-time high price on October 24, 2024. This has been a significant achievement for the company, as it has outperformed the sector by 5.68% in today's trading session. The stock has been on a consecutive gain for the past two days, with a rise of 5.83% during this period.

At the time of writing, Radico Khaitan's stock is trading at a price that is 0.98% away from its 52-week high of Rs 2331.2. This shows a strong performance by the company, as it is trading close to its highest price in the past year. The stock also touched an intraday high of Rs 2308.65, which is a 3.53% increase from its previous close.

In terms of moving averages, Radico Khaitan is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock and reflects the company's strong performance in the market.

It is worth noting that the breweries and distilleries sector has seen a decline of -2.08% in today's trading session. However, Radico Khaitan has managed to buck this trend and has shown a strong performance in the market.

In the past year, Radico Khaitan has outperformed the Sensex by a significant margin, with a 97.06% increase in its stock price compared to the Sensex's 23.92% growth. This further highlights the company's strong performance and growth potential in the industry.

Overall, Radico Khaitan's stock is currently rated as 'Hold' by MarketsMOJO, indicating a neutral stance on the stock. With its recent all-time high and strong performance in the market, Radico Khaitan is definitely a company to watch out for in the breweries and distilleries industry.