Radico Khaitan extends rally, up 19% in four sessions

NEW DELHI: Shares of Radico Khaitan surged over 5 per cent in Thursday’s trade after the company said its net profit for the June quarter surged 25.25 per cent to Rs 21.53 crore.

The company had reported net profit of Rs 17.19 crore for the corresponding quarter last year.

The stock jumped 5.17 per cent to hit a high of Rs 106.65 on BSE. This was in addition to a 9.03 per cent rise on the counter in the previous session. With this, the stock has climbed over 19 per cent in a four-day winning streak till Thursday.

The company on Wednesday said its net sales for the quarter rose 3.34 per cent to Rs 422.01 crore from Rs 408.370 crore reported for the same quarter a year ago.