Radico Khaitan Ltd. sees decline in stock price, underperforms Sensex on October 22
Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, has seen a -3.42% decline in its stock price on October 22, 2024. Despite higher moving averages, the stock has underperformed the Sensex in the past month and investors should monitor its performance closely.
Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, has seen a decline in its stock price by -3.42% on October 22, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.
The stock has been on a downward trend for the past two days, with a fall of -3.99% during this period. On October 22, the stock touched an intraday low of Rs 2122.9, showing a decrease of -2.91%. However, the stock's moving averages are still higher than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving average.
In comparison to the Sensex, Radico Khaitan Ltd. has underperformed with a -3.42% decline, while the Sensex has only seen a -0.16% decrease in performance on the same day. Over the past month, the stock has also underperformed the Sensex with a -0.86% decline, while the Sensex has seen a -4.17% decrease in performance.
Overall, Radico Khaitan Ltd. has seen a decline in its stock price, with a current call of 'Hold' by MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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