Buy Radico Khaitan, target price Rs 1255: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Radico Khaitan with a target price of Rs 1255. The current market price of Radico Khaitan Ltd. is Rs 1201.7.

Time period given by analyst is Intra Day when Radico Khaitan Ltd. price can reach defined target.

Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 16026.82 Crore) operating in Beverages - Alcoholic sector.


Radico Khaitan Ltd. key Products/Revenue Segments include Alcoholic Products, Bottles (PET), Scrap, Royalty Income, Others, Jaivik Khad, Export Incentives and Liquor for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 710.58 Crore, up 17.51 % from last quarter Total Income of Rs 604.70 Crore and up 12.11 % from last year same quarter Total Income of Rs 633.80 Crore. Company reported net profit after tax of Rs 69.20 Crore in latest quarter.

Investment Rationale
Consolidation breakout of last ten weeks and entered at new life time high territory

Promoter/FII Holdings
Promoters held 40.27 per cent stake in the company as of 30-Sep-2021, while FIIs owned 20.06 per cent, DIIs 18.64 per cent.