Radico Khaitan Ltd. Stock Sees Dip, But Rated 'Buy' by MarketsMOJO

Radico Khaitan Ltd., a leading player in the breweries and distilleries industry, has recently seen a dip in its stock price. On November 13, 2024, the company's stock lost -3.06%, underperforming the sector by -1.5%. However, this should not be a cause for concern for investors as the stock has been performing well in the long term.

In fact, according to MarketsMOJO, a leading stock analysis platform, Radico Khaitan's stock is currently rated as a 'Buy'. This is a positive sign for investors, indicating that the company has strong potential for growth and profitability.

Taking a closer look at the stock's performance, we can see that it touched an intraday low of Rs 2222, a decrease of -3.2%. However, the stock's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the long term.

In comparison to the overall market performance, Radico Khaitan's stock has underperformed the Sensex by -0.59% in the past day and has outperformed the Sensex by 3.47% in the past month. This shows that the company has been able to maintain a steady performance despite market fluctuations.

Overall, Radico Khaitan Ltd. is a strong player in the largecap segment of the breweries and distilleries industry. With a positive rating from MarketsMOJO and a strong long term performance, investors can be confident in the company's potential for growth and success.