Radico Khaitan Ltd. Stock Sees Decline Despite Strong Performance in Market

Radico Khaitan Ltd., a largecap company in the breweries and distilleries industry, saw a decline of -3.68% in its stock price on September 19, 2024. This drop comes after four consecutive days of gains for the company's stock. According to MarketsMOJO, a leading stock market analysis platform, the current recommendation for Radico Khaitan Ltd. is 'Hold'. The stock has also underperformed the sector by -0.34% on the same day. Despite the recent decline, Radico Khaitan Ltd. has been performing well in the market. The stock hit a new 52-week and all-time high of Rs. 2331.2 on the same day. It is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In comparison to the overall market performance, Radico Khaitan Ltd. has seen a decline of -3.68% in the past day, while the Sensex has shown a growth of 0.62%. However, in the past month, the company's stock has outperformed the Sensex with a growth of 27.66% compared to the Sensex's 3.77% growth. Overall, Radico Khaitan Ltd. remains a strong player in the breweries and distilleries industry, with a solid performance in the market. Investors may want to keep an eye on the stock as it continues to show potential for growth.