Posted On: August 1, 2023
Stock report: RADICO (NSE) 31 JUL 23
Sector: Consumer Defensive
Industry: Beverages – Wineries & Distilleries
Radico Khaitan Limited is a renowned spirits company that began in 1998 with the launch of 8PM Whisky, which quickly became a millionaire brand and earned a spot in the Limca Book of Records. Their impressive portfolio includes other successful brands like Magic Moments Vodka, Contessa XXX Rum, and Old Admiral Brandy. They also offer a range of premium products, such as Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, and Morpheus Brandy. With a rich array of offerings, Radico continues to establish its presence in the liquor industry.
xCalData predicts RADICO will continue its Bullish phase over the next five days and trend in the range of 1393 to 1501.
In comparison to the previous month, the price of the stock has experienced an increase of 19.68% indicating a Bullish.
The Stock has doubled thrice since 12 Jun 2015 and took an average of 2.0 years to double.
The stock has not shown seasonality trend in the past.
Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past.
Majority of the technical ratios trend towards Bullish side of the spectrum.
Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.
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