Radico Khaitan share price climbs 3%, gains over 50% in last 1 year; is it a stock to buy?
Radico Khaitan share price saw a decent gain of about 3 per cent in intraday trade on the BSE on Monday, May 26, following the launch of two new whiskies. Radico Khaitan share price opened at ₹ 2,476.30 against its previous close of ₹ 2,451.15 and rose 2.62 per cent to an intraday high of ₹ 2,515.40.
On Friday, May 23, Radico Khaitan announced the launches of Morpheus Super Premium Whisky and TRIKĀL Indian Single Malt – Eternal Whisky.
"The launch of TRIKĀL marks yet another milestone in Radico Khaitan's journey to elevate Indian spirits on the world stage and reflects our long-term vision of investing in innovation-led, homegrown luxury," said Abhishek Khaitan, Managing Director, Radico Khaitan.
Morpheus Super Premium Whisky is priced between ₹ 1,200 and ₹ 1,500, while TRIKĀL is priced between ₹ 3,500 and ₹ 4,500.
Considering Monday's high, Radico Khaitan share price has jumped nearly 53 per cent over the last year. It hit a 52-week high of ₹ 2,666 on May 7 this year and a 52-week low of ₹ 1,428.95 on June 4 last year.
On a monthly scale, the stock has been in the green for three consecutive months, gaining 2 per cent in May so far, after a 1 per cent gain in April and a solid 17 per cent growth in March.
(This is a developing story. Please check back for fresh updates.)
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