Radico Khaitan Approaches 52-Week High Amid Strong Financial Performance and Market Resilience

Radico Khaitan, a prominent player in the beverages industry, has shown remarkable performance today, nearing its 52-week high. The stock is currently just 0.36% away from its peak of Rs 2666, having reached an intraday high of Rs 2659.85, reflecting a 3.9% increase. Over the past six days, Radico Khaitan has consistently gained, accumulating an impressive 8.64% return during this period, outperforming its sector by 3.04%.
The company's financial health is underscored by a low Debt to EBITDA ratio of 0.96 times, indicating a strong ability to service its debt. Additionally, Radico Khaitan has reported positive results for the last three consecutive quarters, with a notable PAT growth of 45.33% in the latest six months. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a bullish trend.

Despite the broader market's fluctuations, with the Sensex experiencing a decline, Radico Khaitan's robust performance and high institutional holdings at 43.73% highlight its strong market position and resilience in the beverages sector.