The stock opened at ₹ 2,904 against the Previous Close of ₹ 2,870.90 | Photo Credit: Breath10

Radico khaitan Shares Climbed 2.17 per cent to ₹ 2,933.30 in Morning Trade on Manday, Folling the company’s launch of luxury vodka “the spirit of kashmyr” in Maharashtra and Goa Markets and a Bully Initiation by Global Brokerage Jeferies.

The stock opened at ₹ 2,904 Against the Previous Close of ₹ 2,870.90, Touching an intraday high of ₹ 2,947. Trading Volumes Stood at 1.10 Lakh Shares with a Traded Value of ₹ 32.31 Crore by 10.21 AM.

Jefferies Initiated Coverage on Radico Khaitan with a ‘Buy’ Rating and Target Price of ₹ 3,500, REPRESENTING A 19 per cent UPSIDE from Current Levels. The brokerage named Radico as Its Top Pick Among Spirits Companies, Projecting Over 35 per cent earnings per share compound annual growth rate. Jefferies also initiated ‘Buy’ Rating on United Spirits (target ₹ 1,570) and allied blenders (target ₹ 620).

The positive sentiment was reinforced by radico’s September 12 Announcement of Launching The Spirit of Kashmyr, India’s first homegrown luxury vodka, in maharashtra and goa. The Premium Vodka, Priceed Between ₹ 2,800-4,000, Won the ‘best luxury vodka’ award within a month of its initial uttar Pradesh Launch.

Jeferies highlighted the spirits category’s strong premiumsation-LED Growth Potential, Expecting Double-Digit Revenue Growth and Margin Expantions Opportunities. However, the brokerage cautioned about regulatory risks in key states and potential commodity inflation in ethanol and glass packaging.

Published on September 15, 2025