Radico Khaitan, intra day rose 9.5% to Rs.131.60 and though it has come off those levels, it remains firmly in the green; up at Rs.125 levels. Volumes have jumped up over 3 times, with over 6 lakh shares changing hands today morning alone.
Yesterday, Madhuri Madhusudan Kela bought 7,04,741 shares or 0.53% stake in the company. This was bought at an average price of Rs.117/share.
This is a sharp recovery for the stock price which had tumbled down past few weeks, following the ban issued by the Supreme Court in sale of liquor along the national and state highways.