Shares of Radico Khaitan jumped over 5% on Tuesday to hit a new 52-week high of ₹1,349. Ace investor Mukul Agrawal owns a 1.05% stake in the company.
Shares of the company are off to a strong start this week. The stock is up over 10% this week. Agrawal who bought the stock in 2020, owns 1.05% or 1.4 lakh shares of the company. So, when the stock closed at ₹1,278.10, the value of his stake stood at ₹178.9 crore. Today with the surge the value of his shares went up to ₹188.87 crore. An increase of around ₹10 crore.
The stock has been on an impressive bull run this past year. The stock has gone up over 50% in the past year. However, analysts have not been as positive on the stock. Domestic brokerage firms HDFC Securities and Sharekhan are bearish on the stock.
HDFC Securities has a “sell” rating on the stock with a price target of ₹900. On the other hand, Sharekhan has a “hold” rating on the stock with a target price of ₹1,250.
Price Action: Radico Khaitan’s share price was up 5.50% to trade at ₹1,348.35 in the early hours of trading on Tuesday.
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