Radico Khaitan Ltd. Hits 52-Week High, Outperforms Sector and Sensex

Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, has recently reached a new milestone. On October 24, 2024, the company's stock price hit a 52-week high of Rs. 2375. This news has caught the attention of investors and market analysts alike.

According to MarketsMOJO, a leading financial research and advisory firm, the stock of Radico Khaitan is currently rated as 'Hold'. This indicates that the stock is expected to perform steadily in the near future.

In terms of performance, Radico Khaitan has outperformed the sector by 8.14% today. The stock has also been on a consecutive gain for the last 2 days, with a 8.87% increase in returns during this period. The intraday high for the stock was Rs. 2375, which is a 6.5% increase from the previous day's closing.

Furthermore, Radico Khaitan is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock in the short and long term.

In comparison to the Sensex, Radico Khaitan has shown a remarkable 1-year performance of 96.50%, while the Sensex has only grown by 23.91%. This further highlights the strong performance of the company in the market.

Overall, Radico Khaitan's recent achievement of reaching a 52-week high is a testament to its strong performance and growth in the industry. With a 'Hold' rating from MarketsMOJO and positive trends in its moving averages, the company is poised for continued success in the future.