₹10.9 in March 2021 to currently trade at ₹430.25. Meanwhile, it rallied almost 849 percent in the last 1 year, rising from ₹45.35. In 2024 year-to-date (YTD), the stock has jumped 56 percent, giving positive returns in 3 of the 4 months so far.
The stock has gained over 42 percent in April so far after an over 16 percent decline in March. Meanwhile, it rose a over 21 percent in February and over 8 percent in January 2024. The stock hit its record high of ₹430.25 in today's deals on April 16, 2024, skyrocketing over 852 percent from its 52-week low of ₹45.20, hit on May 19, 2023.
Piccadily Agro Industries Limited manufactures and sells sugar, molasses, bagasses, and ethanol in India. The company operates through Sugar and Distillery segments. It also provides liquor under the Malta, Marshal, Whistler, Kamet, Indri Trini, Camikara Rum, Royal Highland, and Golden Wings brand names; carbondioxide gas; extra neutral alcohol; and rectified spirit.
The company was incorporated in 1994 and is based in Chandigarh, India. In the December quarter, Piccadily posted a net profit of ₹45.31 crore, up 558 percent from ₹6.88 crore during the previous quarter ended December 2022. Its revenue for the quarter ended December 2023 came in at ₹191 crore, surging over 58 percent versus ₹120.82 crore in the corresponding quarter last year.
EBITDA stands at ₹460.75 crore in Q3FY24, up 79.46 percent from ₹256.74 crore in Q3FY23. ICICI Direct reports that the company has shown robust trailing twelve-month EPS (earnings per share) growth and has been consistently reaching new consecutive highs. Moreover, the stock has exhibited strong momentum, consistently exceeding short-, medium-, and long-term moving averages.
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