Radico Khaitan Ltd. Continues to Outperform in the Breweries Industry, Stock Gains 3.38%
Radico Khaitan Ltd., a largecap company in the breweries industry, has shown a positive trend in its stock performance on August 22, 2024. With a consecutive gain for the last 5 days and trading above its moving averages, the stock has outperformed the sector by 0.72%. In comparison to the Sensex, the stock has also performed significantly better, making it a company to watch out for in the industry.
Radico Khaitan Ltd., a largecap company in the breweries industry, has seen a positive trend in its stock performance on August 22, 2024. The stock has gained 3.38% and has outperformed the sector by 0.72%. The stock has been on a consecutive gain for the last 5 days, with a rise of 7.99% in this period.
On this day, Radico Khaitan's stock touched an intraday high of Rs 1784.25, showing a 3.43% increase. The stock is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend.
In the overall sector, Breweries has gained by 2.67%, further highlighting the positive performance of Radico Khaitan.
In comparison to the Sensex, Radico Khaitan's stock has performed significantly better with a 1 day performance of 3.38% compared to Sensex's 0.31%. In the last 1 month, Radico Khaitan's stock has also outperformed the Sensex with a 3.97% increase compared to Sensex's 0.81% rise.
Overall, Radico Khaitan Ltd. has shown a strong and consistent performance in the stock market, making it a company to watch out for in the breweries industry. Investors are advised to hold onto their stocks as per the recommendation of MarketsMOJO.
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