Buy Radico Khaitan, target price Rs 920: IIFL

IIFL has buy call on Radico Khaitan with a target price of Rs 920. The current market price of Radico Khaitan Ltd. is Rs 889.85. 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 11917.23 Crore) operating in Beverages - Alcoholic sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 604.70 Crore, down -14.42 % from last quarter Total Income of Rs 706.62 Crore and up 47.12 % from last year same quarter Total Income of Rs 411.02 Crore. Company reported net profit after tax of Rs 56.23 Crore in latest quarter.

Investment Rationale
Stock has given a flag pattern break out the daily chart.


Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of the fourth quarter ending March 31, 2021, while FIIs held 19.5 per cent, DIIs 17.1 per cent and public & others 23.1 per cent.