Radico Khaitan Ltd. sees positive trend in stock performance, outperforms sector

Oct 09 2024 03:15 PM IST
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On October 9th, 2024, Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, saw a positive trend in its stock performance, gaining 5.55% and outperforming the sector by 1.87%. Despite recent declines, the stock has shown a possible trend reversal and has outperformed the market in the past day and month.

Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, saw a positive trend in its stock performance on October 9th, 2024. The stock gained 5.55%, outperforming the sector by 1.87%. This comes after 4 consecutive days of decline, indicating a possible trend reversal.

The stock also touched an intraday high of Rs 2065, showing a 3.61% increase. However, it is currently trading lower than its 5 day and 20 day moving averages, but higher than its 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Radico Khaitan Ltd. has outperformed the Sensex by 6.30% in the past day and 7.08% in the past month. This shows a strong performance by the company, despite the market's slight decline.

MarketsMOJO has given a 'Hold' call for Radico Khaitan Ltd., indicating a neutral stance on the stock. With no mention of future potential or investor interest, this news article provides a fact-based update on the recent performance of Radico Khaitan Ltd. in the stock market.
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