Radico Khaitan Ltd. sees -3.01% decline in stock price, MarketsMOJO gives 'Hold' call

Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, saw a decline of -3.01% in its stock price on September 25, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock's performance today was -1.53% lower than the sector's performance, indicating a slight lag in comparison. Additionally, the stock has fallen after three consecutive days of gains, suggesting a possible trend reversal.

On the day, the stock touched an intraday low of Rs 2084.8, a decrease of -2.83%. However, the stock's moving averages are still higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the long term.

In comparison to the Sensex, Radico Khaitan Ltd.'s performance over the past day and month has been -3.01% and 12.69%, respectively. This is lower than the Sensex's performance of -0.15% and 4.57% over the same periods.

Overall, Radico Khaitan Ltd. has seen a decline in its stock price, but it still remains a strong player in the largecap segment of the breweries and distilleries industry. Investors are advised to hold their positions and monitor the stock's performance in the coming days.