/ Ways2Capital : Radico Khaitan Up By 4%, On Speculation Of Stake Purchase By Bacardi India ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 21 February 2017

Radico Khaitan at the time of filing this report is trading with gains of 4%, while the stock of the company on an intraday basis was up 6%. It has zoomed largely on the market wide speculation that Bacardi India is in preliminary talks with the company to buy stake. BSE has sought clarification from the company on the same. 

The stock has witnessed a spurt in volumes by more than 1.48 times. In the last one year, it has given a return of 39%.Reliance Mutual Fund,  Birla Sun Life Mutual Fund, SBI Mutual Fund and Goldman Sachs Mutual Fund are the four mutual fund houses which have invested in the stock of the company. 

Radico Khaitan Ltd is currently trading at Rs 140.8, up by Rs 6.95 or 5.19% from its previous closing of Rs 133.85 on the BSE.The scrip opened at Rs 134.25 and has touched a high and low of Rs 141.5 and Rs 131.05 respectively. So far 2765903(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1780.87 crore.

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