Radico Khaitan's target Rs 2380: IIFL Securities's Top Stock to Buy Today

On October 24, IIFL Securities recommended a "buy" rating for Radico Khaitan at the current market price of Rs 2319.7. The brokerage firm has set a target price of Rs 2380 for the stock, indicating a potential upside of approximately 2.6%. This bullish outlook is driven by the company's strong market position in the Indian liquor industry and its consistent financial performance. Radico Khaitan is expected to benefit from the growing demand for premium spirits and favorable industry tailwinds.

About Radico Khaitan:

Radico Khaitan Limited, incorporated in 1943, is a leading spirits company based in India. The company is engaged in the manufacturing, bottling, and distribution of Indian Made Foreign Liquor (IMFL) and Indian Made Indian Liquor (IMIL). Its flagship brands include Magic Moments Vodka, 8PM Premium Black Whiskey, Contessa Rum, and Old Monk Rum. Radico Khaitan has a strong distribution network across India and exports to over 30 countries around the world. The company operates under the motto "Build Brands, Create Value" and has a focus on innovation and customer satisfaction.

52 Week Price Trend:

Radico Khaitan's current market price (CMP) stands at Rs 2319.7, indicating a significant appreciation from its 52-week low of Rs 1068.55. However, the stock is still below its 52-week high of Rs 1885.1, leaving room for further upside potential. Investors may want to consider Radico Khaitan's financial performance, market conditions, and overall industry outlook before making any investment decisions.

Stratzy's MOST Analysis:

RADICO has a BBB rating from Stratzy's MOST framework. MOST evaluates stocks based on Management, Outlook, Safety, and Trend. RADICO's score indicates a Medium Fundamental Risk, meaning that it has some strengths and weaknesses in these areas. The company has strong management and a positive outlook, but its safety and trend indicators may need improvement. Investors should carefully consider these factors before making a decision about RADICO's stock.

Company's Fundamentals:

Radico Khaitan (NSE:RADICO) is a renowned alcoholic beverages company listed on the National Stock Exchange (NSE) of India. Its stock is characterized by a high Price-to-Earnings (PE) ratio of 91.95, which indicates that investors are willing to pay a premium for each unit of earnings. The Price-to-Book (PB) ratio of 9.69 suggests that the company's stock is trading at a significant premium to its book value. Despite these valuations, RADICO offers a modest Dividend Yield of 0.18%, which may be attractive to income-oriented investors seeking regular income payments.

Fundamental and Technical information provided in this blog were last updated on 24 Oct, 2024

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