Following the Union Budget for 2024-25, brokerage firm Sharekhan has expressed optimism about several stocks across large, mid, and small-cap segments. According to its analysis, the budget is expected to positively impact companies such as ITC, UltraTech Cement, L&T, Tata Motors, TCS, Bharat Forge, HAL, and Radico Khaitan. Stock Picks

ITC, HAL, UltraTech Cement among 37 stock picks from Sharekhan after Budget 2024 - Stock Picks

Tilaknagar Industries shares climbed 8.48 per cent to hit a high of Rs 262 on BSE. United Spitits jumped 4.62 per cent to Rs 1,449.45. United Breweries advanced 2.41 per cent to Rs 2,070.40.

Tilaknagar, United Spirits, UBL, Radico Khaitan shares rally up to 8% today. Here’s why

Radico Khaitan launches Sangam World Malt Whisky in India, expanding its premium liquor portfolio nationwide.

Radico Khaitan launches Sangam World Malt Whisky in India

Rampur Distillery’s Sangam World Malt Whisky has swiftly risen to prominence, clinching a gold medal at the John Barleycorn Awards and at the Beverage Tasting Institute, BTI Luxury Spirits Award 2023, both hosted in the United States of America.

Corporate

Nikhil Kamath podcast: Nikhil Kamath spoke of his investment in Radico Khaitan, makers of alcohol brands such as Magic Moments vodka, 8PM whiskey, Rampur premium Indian single malt whiskey and Jaisalmer Indian craft gin.

‘It has done very well for us’: Nikhil Kamath on Rs 400 cr investment in Radico Khaitan, makers of 8PM, Magic Moments

“They will buy a nip, go to an ahata, finish the bottle and then head home,” said Abhishek Khaitan, MD of Radico Khaitan to Nikhil Kamath in his podcast.

‘India over-indexed on hard liquor’: Alcohol industry experts tell Nikhil Kamath why Indians prefer whiskey, vodka, rum

“When that 10,000 loyalist consumers are made, they will bring you the next 50,000 consumers, and then millions will follow. It goes slow, and then it just takes off,” says Abhishek Khaitan, MD of Radico Khaitan, in Nikhil Kamath podcast.

‘To get the first 10,000 customers is the toughest’: Liquor is a slow-moving industry, say experts to Nikhil Kamath

The premium portfolio, particularly in the mid- and upper-P&A segments, has consistently outperformed the entry-level prestige segment across all companies, the report said.

United Spirits, Radico Khaitan To Benefit From Premiumisation, Says Antique Broking

Radico Khaitan announced that Rampur Jugalbandi #3 has been awarded Best World Whisky and Jaisalmer Gold Indian Craft Gin has been awarded Best Gin at the prestigious John Barleycorn Awards 2024 with 94 points each, in addition to Double Gold medals.

Radico Khaitan wins multiple accolades at the prestigious John Barleycorn Awards 2024

Initially starting with Uttar Pradesh this June, where Rampur Asava Indian Single Malt Whisky will be priced at Rs. 10000, the Company will expand the launch in other prominent states such as Delhi, Chandigarh, Punjab, Uttarakhand, Haryana, Telangana, and Goa throughout the fiscal year, including i…

Radico Khaitan to launch Rampur Asava Indian Single Malt Whisky in India

In addition to the ultra-luxury Rampur Signature Reserve, Radico Khaitan has curated a diverse range of premium spirits available at Hyderabad duty-free.

Rampur Signature Reserve Single Malt Whisky is India’s only whisky selling at Rs 5 lakh per bottle

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Radico Khaitan Limited manufactures alcohol and alcoholic products.