Radico Khaitan - Call Closure

India Infoline News Service | Mumbai |

We advise investors to book profit in the stock.

Reco price Rs127, Call Closure Price Rs144
We had recommended a BUY on Radico Khaitan as part of our strategy note  “Diwali Dhamaka” on November 12, 2012, with a target price of Rs145. The stock has touched a high of Rs148 in today's trading session, a gain of 16.5% from our recommended price of Rs127. Though we remain positive on the underlying spirits business of Radico, we believe stock is fairly valued and upsides appear limited. We advise investors to book profit in the stock.

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