HomeLifestyleMultibagger Stock: Vodka and whiskey making company made investors rich, gave 128...

Multibagger Stock: Vodka and whiskey making company made investors rich, gave 128 times return in 19 years

Highlights

Radico Khaitan is one of the oldest and renowned companies in the country making English Liquor.
In the long term, the shares of this company have increased the capital of its investors by about 128 times.
Its shares were priced at Rs 7.78 19 years ago, which have now increased to Rs 997.85.

New Delhi. Radico Khaitan, the country’s leading English liquor maker, has given multibagger returns to its investors in the long term. Although the company’s shares have seen a decline of about 23 per cent in the last 11 months. But in the long term, the shares of this company have increased the capital of its investors by about 128 times. Shares of Radico Khaitan have gained 35 per cent in the last six months.

Radico Khaitan’s business is to manufacture Magic Moments Vodka and 8PM Whiskey. Its market cap is Rs 13,338.64 crore. On the closing of the market on Friday, November 11, its shares were trading at a price of Rs 997.85, down 0.98 per cent on the BSE. If we talk in the short term, the shares of Radico Khaitan have gained more than 35 percent in six months.

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Investors made rich by giving 128 times return
Radico Khaitan Limited Company has increased the capital of its investors by about 128 times in 19 years. The shares of the company were at Rs 7.78 on June 20, 2003, which have now increased to Rs 997.85. If seen in this way, if an investor had invested one lakh rupees in the shares of this company at that time, then today after about 19 years its value would have increased to Rs 1.28 crores.

Here is the math of ups and downs this year
Radico Khaitan’s shares have seen many ups and downs this year. Earlier this year, on January 6, the company’s shares were at a price of Rs 1299.85, which is its one-year record high. After this, the company’s shares started declining and by May 12, 2022, it fell about 44 percent to a price of Rs 731.35. However, after this, the shares of Radico Khaitan recovered and so far it has taken a recovery of about 36 percent.

The company makes the country’s famous Liquor brand
Radico Khaitan is one of the oldest and renowned companies in the country making English Liquor. Its business started in the year 1943. Earlier it used to do business under the name of Rampur Distillery but now its name has become Radico Khaitan. According to the information available on the company’s website, its product portfolio includes 8PM Whiskey, Magic Moments Vodka, Contessa XXX Rum and Old Admiral Brandy as well as more than 15 brands.

Tags: Liquors, Multibagger stock, Share market, stock market

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