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Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 12248.53 Crore) operating in Beverages - Alcoholic sector.

For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 2990.86 crore, up 47.58 % from last quarter Total Income of Rs 2026.62 crore and up 15.62 % from last year same quarter Total Income of Rs 2586.91 crore. Company has reported net profit after tax of Rs 1052.86 crore in latest quarter.

The Relative Strength Index of the stock stood at 53.16 on Friday.

The Nifty Pharma index closed 0.49 per cent up at 13014.2.

“We take comfort in the board’s assertion that the company has an effective mechanism for succession planning for the orderly succession of directors and senior management personnel. We raise concerns that he (Sharma) is not liable to retire by rotation, and that he will get board permanency if he continues in a non-executive capacity following the end of his term as managing director,” IIAS said.

Global oil prices also gained, with the benchmark Brent crude oil contract rising for last two sessions through Thursday as the International Energy Agency raised its oil demand growth forecast for this year. The benchmark Brent contract was trading at $99.15 per barrel, after gaining over 3% in last two days.

According to the brokerage, CIL will continue to perform well on account of high thermal power demand, high international coal prices and subsequent increase in demand for domestic coal, leading to higher e-auction premiums.

A total of 13,225 shares changed hands on the counter till 11:06AM (IST).

Data on Thursday showed US producer prices unexpectedly fell in July. It came a day after news that consumer prices (CPI) were unchanged in July due to a drop in gasoline prices.

Paytm said its offline payments leadership strengthens with a total number of devices deployed exceeding 4.1 million. Consumer engagement, it said, was at its highest on Paytm Super-App with average monthly transacting users (MTU) at 77.6 million for the, up 41 per cent YoY.