Radico Khaitan has announced that it will review its third quarter financial results on January 22. This scheduled review marks an important date for investors and market participants who are awaiting the company's quarterly performance insights.

Scheduled Financial Review

The company has set January 22 as the date for reviewing its Q3 financial results. This announcement provides stakeholders with advance notice of when they can expect to receive detailed information about the company's quarterly performance.

Significance for Stakeholders

The scheduled results review will provide investors, analysts, and other market participants with crucial insights into Radico Khaitan's financial performance during the third quarter. This review session will likely cover key financial metrics and operational highlights from the quarter.

The announcement ensures that all stakeholders are informed about the timing of this important corporate event, allowing them to prepare for the release of quarterly financial information.

Radico Khaitan shares have turned technically weak after breaking down from a rectangular channel pattern, signaling potential further downside in the near term. The alcoholic beverages stock declined 7.89% over the past month following the breakdown below key support levels.

Technical Pattern Analysis

The stock formed a rectangular channel pattern on its 2-hour chart after a phase of sideways consolidation. This pattern represents a consolidation phase where price oscillates between parallel support and resistance levels. On Friday, Radico Khaitan formed a lower-high structure within the rectangular channel before decisively breaking below the key support at ₹3,060.00.

The breakdown was accompanied by subdued buying volumes, confirming the emergence of bearish momentum. For rectangular channel patterns, the downside target is calculated by measuring the height of the consolidation range and projecting that distance downward from the breakdown point.

Technical Indicator Confirmation

Multiple technical indicators support the bearish outlook for the stock:

The RSI shows persistent bearish momentum, dropping from 42.00 in the last trading session to 35.80 on Friday. The MACD indicator shows the orange signal line crossed above the blue MACD line, with the histogram turning red, indicating bearish momentum. On the 2-hour timeframe, the 5-day moving average has crossed below the 9-day moving average, further confirming the bearish trend.

Market Implications

The bearish rectangular channel breakdown signals scope for continued downside pressure. A sustained close below the key support at ₹3,060.00, ideally backed by higher selling volume, would help validate the breakdown and reduce false-signal risk. The former support near ₹3,060.00 now acts as immediate resistance, and continued trading below this level would reinforce bearish control in the near term.

Company Background

Radico Khaitan Ltd, founded in 1943 as Rampur Distillery, operates as one of India's oldest and largest IMFL manufacturers. The company develops its brands organically, with a portfolio spanning whisky, vodka, rum, gin, and brandy, including premium labels like Rampur and Magic Moments.

Performance Overview

Despite the recent technical weakness, Radico Khaitan has delivered mixed performance across different timeframes. The stock declined 7.89% over the past month amid prolonged sideways consolidation. However, it has gained 10.47% over the last six months and delivered a strong 23.77% return over the past year, indicating longer-term positive momentum despite current technical challenges.