New Delhi. On the last day of the trading week, a big decline was seen in the domestic stock markets today. The Sensex is trading with a decline of more than 600 points, while the Nifty also looks weak. The market closed with a strong rise on Thursday, but this rise did not last on Friday. Today investors were seen investing money very cautiously. Their eyes are fixed on the third quarter results of companies starting from January 7 and the possibility of interest rate cuts in America. Despite the decline in the stock market today, Radico Khaitan's share is trading in the green mark. This company makes premium brands like Magic Moment Vodka. Brokerage firm Sharekhan has advised to buy shares of Radico Khaitan.

Amidst this volatility in the stock market, investors are investing only in stocks with strong fundamentals. This is the reason why Radico Khaitan stock is trading with gains today. Radico Khaitan stock has given a great return of 51.60% in the last six months, while the BSE Sensex declined by 0.83% during the same period. The 52-week high of Radico Khaitan stock is ₹ 2,637 and the 52-week low is ₹ 1,428. The market capitalization of the company is ₹ 34,826.29 crores.

Brokerage opinion
Sharekhan has advised investors to buy Radico Khaitan shares. The brokerage says that this stock can go up to ₹ 2,996. Today this stock is trading at Rs 2597. In this way, there is a possibility of a 16 percent jump in this stock from the current price. Sharekhan said that considering the company's strategies, Radico Khaitan's revenue and profit can grow at a compound annual growth rate (CAGR) of 18% and 39% respectively during the financial year 2024-27.

According to the brokerage, Radico Khaitan's focus is on premiumization of its brands. P&A category sales growth is expected to be 15% in FY 2024-25. Regular category sales are expected to grow by 5-6%. The company's operating profit margin may grow at a rate of 12-15% annually in the next 2-3 years. Considering the current share price and future prospects of Radico Khaitan, this stock can be a better option for long term investment.