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

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.

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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.