Radico Khaitan Ltd. Hits New All-Time High, Outperforms Sector and Sensex

Sep 16 2024 09:35 AM IST
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On September 16, 2024, Radico Khaitan Ltd. saw a 5.76% increase in its stock price, closing at Rs. 2180.75 and hitting a new 52-week and all-time high. The company has been on a consecutive gain for the last 2 days, outperforming the sector by 5.97%. Its strong performance can be attributed to its position in the breweries and distilleries industry and consistent growth as a largecap company.


Radico Khaitan Ltd., a leading player in the breweries and distilleries industry, saw a significant increase in its stock price on September 16, 2024. The stock gained 5.76% and closed at Rs. 2180.75, hitting a new 52-week and all-time high. This performance has been deemed as 'Hold' by MarketsMOJO.

The stock has been on a consecutive gain for the last 2 days, with a rise of 7.37% in this period. It also opened with a gain of 2.04% today and touched an intraday high of Rs. 2180.75, outperforming the sector by 5.97%. Radico Khaitan Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Radico Khaitan Ltd. has shown a strong performance, with a 1-day return of 5.42% compared to the Sensex's 0.15% return. In the last month, the stock has gained 28.33%, while the Sensex has only gained 3.21%.

This impressive performance by Radico Khaitan Ltd. can be attributed to its strong position in the breweries and distilleries industry. As a largecap company, it has shown consistent growth and has gained the trust of investors. With its stock hitting a new high, it is definitely a company to watch out for in the future.
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