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RKDL --- CMP - 13.65 --- TGT - 16
533294 | NSE: RKDL | SECTOR: Breweries & Distilleries |
Ravi Kumar Distilleries Limited is engaged in the business of manufacture and trade of Indian Made Foreign Liquor (IMFL) under its own brand portfolio.For the nine months ended 31 December 2016, RKDL revenues increased 22% to RS454M. Net loss decreased 59% to RS16.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Finance Costs decrease of 35% to RS19.4M (expense), Depreciation & Amortization Expenses decrease of 5% to RS2.4M (expense).
The stock on the daily chart is currently at 13.5, it has gained momentum in previous trading sessions, which shows its potential to remain upwards in the near term. Technical indicators like indicates buy signal, therefore, one can buy in the current levels for the upside target of 15.80 for short term and 17-18 for long term with SL below 10. Looking at the momentum we anticipate that it will breach its 52 week highs and reach its desired target.
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