Radico Khaitan on a high due to block deal on NSE

DALAL STREET SPIKES

Radico Khaitan soared 11 per cent from its previous close of Rs 107.35 to touch an intraday high of Rs 123.50, before settled for a close at Rs 118.75.

The counter witnessed high volumes, with over seven lakh shares being traded on the BSE. The rally was on the back of a block deal on the NSE, whereby 2.8 per cent of the company's equity or 27 lakh shares were traded at Rs 107 a share.

The stock has been down by over 30 per cent from the levels of Rs 175 prevailing a month ago.