Stock of Interest

Posted On: September 12, 2023

Stock Report: RADICO (NSE) 11 Sep 2023

Radico Khaitan Ltd is an India-based liquor manufacturing company. Its products include whiskey, vodka, rum, brandy, and gin. The company’s brand portfolio includes After Dark Whisky, Contessa Rum, Magic Moments Vodka, Morpheus Brandy, Old Admiral Brandy, and 8 PM Whisky. It has three distilleries in Rampur, Uttar Pradesh, and one in Aurangabad, Maharashtra. It produces extra neutral alcohol from molasses, as well as grain. It produces malt spirit and aged grain spirit, as well as matured malt spirit.

#xCalData predicts that # RADICO will continue its bearish phase over the next five days and trend within the range of 1207 to 1290. 

In comparison to the previous month, the price of the stock has experienced a decline of 9.64% indicating a bearish.

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 Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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