Radico Khaitan soars on Q2 net jump

The stock pared some of its gains and finally ended at Rs 119, up 4% from the previous close. The counter witnessed trades of 343,094 shares as compared to the two-week daily average traded volumes of 129,862 shares.
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(Updated at 1039hrs)

Radico Khaitan has soared this morning following a 61% jump in Q2.

The stock opened at Rs 118 and soared to a high of Rs 123. The stock is now trading near its high at Rs 122 - up 7.3%. Over 94,143 shares have been traded on the BSE so far.

According to a release issued by the company to the BSE, the consolidated net profit of the company soared 61% to Rs 9.71 crore in Q2FY10 from Rs 6.03 crore in Q2Fy09. The net sales jumped 14.6% to Rs 258.72 crore.