Piccadilly Agro Shares doubled its amount in just one month. This multi-bagger share has given 200% profit in six months. Piccadilly Agro shares have given 1300% profit in one year.
New Delhi. Shares of Piccadilly Agro Industries, a maker of single malt whiskey called ‘Indri’, have made waves on Dalal Street, with the stock consistently beating the upper circuit for the past 12 trading sessions. This multi-bagger share has given a good return of 100% in last one month. Along with this, the company’s gross profit increased by 819% year-on-year in the fourth quarter of the company’s financial year 2024. Piccadilly Agro’s share price was Rs 301.95 at the end of March, which rose to Rs 667.25 on April 30.
The company’s overall net profit increased by 391% to around Rs 110 crore in FY 2024 from Rs 22.33 crore in the previous fiscal. Similarly, Piccadilly Agro’s net sales also increased by 31.37% to Rs 823.25 crore on a year-on-year basis. The company has said that its board of directors plans to raise Rs 1,000 crore by selling preference shares or shares to eligible institutional investors.
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Received the title of best whiskey
The company claims that ‘Andri’ whiskey has recently been awarded the title of the world’s best single malt whisky. Since this award, the demand for this whiskey in the market has increased significantly. This has a direct impact on the shares of Piccadilly Agro. The company plans to expand its presence in the mall space not only in India but also abroad.
The company is going to open a distillery in Scotland. The company claims to have sold over 100,000 cases (9 liters per case) of the ‘Andri’ brand in FY24. With this success, ‘Andri’ became the ‘fastest growing single malt whiskey in the world’. According to Piccadilly Agro Industries, it was the largest exporter of Indian single malt whiskey in FY 2024 and accounted for 35 percent of total exports.
1300 times returns in 1 year
Piccadilly Agro Industries shares have made investors rich. A year ago, the share price was Rs 47.35. Now it has increased to Rs 667.25. This means that in just 12 months, this stock has given investors a huge return of 1309%. In the year 2024, this multi-bagger share price has increased by 145%, while Piccadilly Agro share has given investors 200% profit in 6 months.
According to Nuvama Institutional Equity, India is the fastest growing wine market in the world. India is the third largest wine market by volume after the US and China. Navama estimates that by 2025, 39 percent of India’s total population will be consuming red beans. Whiskey is the most consumed drink in India, followed by beer and wine.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)
Tags: money making tips, Multi bagger stock, Stock market
First Publication: May 1, 2024, 18:17 IST
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