Radico Khaitan's Stock Sees -3.11% Decline, But Remains Stable in Current Market Conditions

Radico Khaitan Ltd., a leading player in the breweries and distilleries industry, saw a decline of -3.11% in its stock price on October 16, 2024. The stock, which is categorized as a largecap company, has been given a 'Hold' call by MarketsMOJO.

Despite underperforming the sector by -1.55%, Radico Khaitan's stock has been trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. However, it has fallen after 5 consecutive days of gains, indicating a possible trend reversal.

On October 16, the stock touched an intraday low of Rs 2160.6, a decrease of -2.63%. In comparison, the Sensex, India's benchmark index, had a performance of -0.41% on the same day.

Over the past month, Radico Khaitan's stock has shown a positive performance of 1.10%, while the Sensex has declined by -1.81%. This suggests that the company's stock has been relatively stable in the current market conditions.

Investors should keep an eye on Radico Khaitan's stock performance in the coming days to see if it continues to underperform the sector or if it bounces back. However, based on the current information, MarketsMOJO has given a 'Hold' call for the stock.