Buy Radico Khaitan, target price Rs 548: ICICI Direct

ICICI Direct has buy call on Radico Khaitan with a target price of Rs 548. The current market price of Radico Khaitan Ltd. is Rs 520.5.

Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 6911.48 Crore) operating in Beverages - Alcoholic sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 630.05 Crore, up 53.99 % from last quarter Sales of Rs 409.15 Crore and up 10.50 % from last year same quarter Sales of Rs 570.17 Crore Company reported net profit after tax of Rs 72.41 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of June 30, 2020, while FIIs held 18 per cent, DIIs 16.6 per cent and public and others 25.1 per cent.