The stock extended losses and dipped to a low of Rs 85. It ended 4% lower at Rs 87. The counter clocked a volume of 149,416 shares on the BSE today.
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(Updated ta 1227 hrs)
Radico Khaitan has slipped despite posting strong quarterly results.
The scrip today opened at Rs 91, touched a high of Rs 92 and a then slipped in to the red to a low of Rs 86.
The scrip is now trading at Rs 86, down 4.5% from the previous close. The counter has witnessed trades of 51,915 shares on the BSE so far. Yesterday, the stock had touched a 52-week high of Rs 94.
The company reported a 56% surge in net profit to Rs 10.7 crore for the June quarter as compared to Rs 6.88 crore in the corresponding quarter, a year ago.
The revenue also witnessed a 23% rise to Rs 274 crore against Rs 223 in the previous quarter, a year ago.
