Radico Khaitan falls; valuation to support, say traders

Reuters Market Eye - Liquor maker Radico Khaitan falls as much as 3.8 percent. Company's Sept-qtr net profit fell 14 pct to 149.1 million rupees ($2.42 million).

Traders say buying may be seen at lower levels as Radico is one of the most inexpensive liquor company stocks in India.

Radico trades at 12.73 times 12-month forward earnings compared to 84.71 times for United Spirits , according to Reuters data.

(1 U.S. dollar = 61.5450 rupees)

(Reporting by Abhishek Vishnoi)