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Radico Khaitan share price: Buy Radico Khaitan, target price Rs 720: Emkay Global

Factoring in Q4 performance and Q1 lockdown, our FY22/23E EPS change by -4%/+3%. The brokerage expects RDCK to outperform peers and forecast sales/PAT CAGRs of 13%/16% over FY22-24E. Valuations at 22x FY23E EPS are attractive and can re-rate with consistent growth and improvement in cash-flows. It maintains Buy with a revised TP of Rs720 (Rs640 earlier), based on 25x Jun-23E EPS.
Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of the fourth quarter ending March 31, 2021, while FIIs held 19.5 per cent, DIIs 17.1 per cent and public & others 23.1 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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Lupin, Reliance Industries: Stock picks by Ajit Mishra of Religare Broking

Stop loss: 485
Radico has gained noticeable traction in the last ten months and has doubled the investors' money in such a short period. Importantly, it's currently trading closer to its record high and has also ended the 2-year long consolidation phase of late. All indications are in favour of the prevailing buoyancy to continue. We thus suggest creating fresh longs in the given range.
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Disclaimer: Ajit Mishra is VP - Research at Religare Broking
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