Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 300 per cent in a year!

Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 300 per cent in a year!

Praveenkumar Yadav
/ Categories: Trending, Mindshare

Shares of the company have gained about 240 per cent in the last six months.

Shares of Piccadily Agro Industries Limited were locked in the upper circuit on Wednesday, gaining 20.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 240 per cent.

The company has recently won the Best in Show Double Gold title at the 2023 Whiskies of the World Awards. The Whiskies of the World Award is one of the largest whiskey-tasting competitions in the world. This is a significant achievement for Indian whiskey, as it is one of the largest and most prestigious whiskey-tasting competitions in the world.

Also read, How can risk management and diversification open doors to financial success? Find out here 

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 228.02 crore which grew by 21.56 per cent YoY. The operating profit of the company stood at Rs 24.64 crore, while the PAT of the company stood at Rs 11.07 crore, which was 7.52 crore in last year's same quarter. Piccadily Agro Industries Limited has also delivered multibagger returns of over 300 per cent in one year holding period.

Piccadily Agro Industries Limited is engaged in manufacturing sugar and distillery products at a manufacturing plant in Karnal, (Haryana) covering an area of around 168 acres. The facility comprises a 5,000-tonne-per-day crushed sugar production unit and an 80kpld distillery unit and a 10klpd malt spirit unit. It also has a co-gen power capacity of 14 MW.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.

Previous Article Multibagger penny stock below Rs 10: This micro-cap company receives export orders worth Rs 20,00,00,000; scrip hit upper circuit!
Next Article 52-week high alert: This multibagger auto ancillary company enters into power purchase agreement with AMP Energy C&I Six Pvt Ltd & AMP Energy C&I Five Pvt Ltd!
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR