On September 27, several major stocks demonstrated their strength by surpassing their 200-day SMA.

The stock has a trailing PE of 79.30x making it the second most expensive stock in absolute terms among alcohol-making peers. In its Q1FY24, the company’s revenue from operations increased 26.4 percent YoY at Rs 953.9 crore

India's Competition Commission is investigating Pernod Ricard for colluding with retailers in the southern state of Telangana to harm competitors, according to regulatory documents. The investigation follows a case filed by Pernod's Indian rival, Radico Khaitan, which alleges that Pernod violated antitrust laws by offering retailers additional discounts and benefits in exchange for not selling Radico's 8PM whisky brand. Pernod denies any wrongdoing and says it has not been notified of the investigation. Pernod has a 19% share of India's $31 billion spirits market, while Radico has a 6.6% share.

On September 7, Thursday, StockEdge identified 8 stocks with declining RSI values, and ETMarkets has chosen to shed light on these stocks. Gain insights into RSI and explore these stocks to make informed investment decisions.

Liquor companies are hoping that people in Delhi will have drinks at home when the city shuts down for G20 summit. While bars and restaurants will be affected, the industry expects a rise in consumption in hotels hosting world leaders and delegates for the G20 summit

Analysts have raised the price targets of some of the stocks since the beginning of August. These include REC, Zee Entertainment, Radico Khaitan, Sundram Fasteners, Welspun Corp, NCC, and Eris Lifesciences, among others, where consensus price targets have been raised by 10% to 25% earlier this month.

Controller & Auditor General (CAG) of India has highlighted underpayment of excise duty of Rs 1,078.09 crore including taxes to the Uttar Pradesh government by Radico Khaitan Ltd, the maker of 8 PM whisky and Magic Moments vodka.

Among the top additions for mutual funds in the small cap space were Eric Lifesciences, PVR Inox, CreditAccess Grameen, Amara Raja Batteries and Aegis Logistics

HDFC Securities recommended reduce rating on Radico Khaitan with a target price of Rs 900 in its research report dated August 04, 2023.

Sharekhan is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 1660 in its research report dated August 04, 2023.

The spirits maker reported a 10.2 percent year-on-year increase in its net profit in the June quarter at Rs 68.3 crore

The company reported a net profit of Rs 62 crore in the year ago period.

The French firm has already launched an Indian single malt currently being test-marketed in Mumbai and Goa, joining the league of companies such as Diageo and Radico Khaitan that launched high-end local brands such as Epitome Reserve and Rampur.

Big companies' traditional gin brands, including Bombay Sapphire, Jaisalmer, Beefeater and Big Ben, regained market share in 2022 according to the IWSR Drinks Market Analysis report. Although newer entrants, such as Samsara and Stranger & Sons, increased sales by 50-70%, consumers turned to established companies with better infrastructure, production capabilities and quality control.

He also decreased his holdings in Surya Roshni by 0.2% in the June quarter, bringing it down to 1.8% or 10 lakh shares from 2% in March quarter, the Trendlyne data said. The value of his holdings are worth Rs 78.8 crore.

Macro data, with the manufacturing PMI expanding to 57.8, indicated sustained demand and boosted investors confidence. Additionally, provisional business numbers from banks, automakers, and real estate companies bolstered sentiments, while FIIs provided additional support to the domestic market during the said week.