Radico Khaitan bucks trend after Q1 net profit rises

Radico Khaitan rose 1.36% to Rs 92.90 at 14:23 IST on BSE after net profit rose 6.58% to Rs 22.51 crore on 19.80% rise in net sales to Rs 348.44 crore in Q1 June 2013 over Q1 June 2012.

The result was announced after market hours on Monday, 5 August 2013.

Meanwhile, the S&P BSE Sensex was down 501.45 points, or 2.61%, to 18,680.81.

On BSE, 38,000 shares were traded in the counter as against an average daily volume of 37,683 shares in the past one quarter.

The stock hit a high of Rs 94.95 and a low of Rs 92.45 so far during the day. The stock had hit a 52-week high of Rs 155.95 on 31 December 2012. The stock had hit a 52-week low of Rs 88.65 on 24 July 2013.

The stock had underperformed the market over the past one month till 5 August 2013, sliding 5.12% compared with the Sensex's 1.61% fall. The scrip had also underperformed the market in past one quarter, falling 27.43% as against Sensex's 2.01% fall.

The small-cap company has an equity capital of Rs 26.58 crore. Face value per share is Rs 2.

Radico Khaitan is one of India's oldest and largest liquor manufacturers.

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