Multibagger Stock: Piccadilly Agro Industries Limited (Piccadilly Agro Industries) shares have given multibagger returns to its investors over the long term. However, this stock has been under pressure for some time amid heavy selling in the market. Today, on January 23, the company’s shares have increased by 1.92 percent and the stock closed at Rs 803.75 on BSE. This multibagger stock has seen a correction in the recent past. It has fallen 21% from its record high in almost a month. The market cap of the company is Rs 7582 crore.
Technical of Piccadily Agro Industries
Piccadilly Agro Industries shares have a beta of 0.9, which indicates low one-year volatility. On the technical side, the Relative Strength Index (RSI) of Piccadilly Agro Industries stands at 41.4, which indicates that it is neither in the overbought nor oversold zone. The stock is trading below its 5 day, 10 day, 20 day, 30 day, 50 day moving averages, but above its 100 day, 150 day and 200 day moving averages.
Financials of Piccadily Agro Industries
Piccadilly Agro Industries Limited is an India-based company that manufactures sugar and distillery products. The company is India’s largest independent producer of malt spirits. In the second quarter of this financial year, the company recorded a growth of 63 percent in revenue, which reached Rs 186 crore as compared to Rs 114.1 crore in the second quarter of the last financial year. Net profit increased by 109% to Rs 25 crore in the September 2024 quarter, compared to Rs 11.9 crore in the corresponding quarter of the previous financial year. Earnings per share (EPS) rose by 109.52 per cent year-on-year to Rs 2.64 in the second quarter compared to Rs 1.3 per share in the September 2023 quarter.
Shareholding pattern of Piccadily Agro Industries
Talking about the shareholding pattern, the promoters’ stake remains at 70.97 percent in the December 2024 quarter. However, FII/FPI reduced their stake from 0.88 per cent to 0.78 per cent in the December 2024 quarter. On the other hand, institutional investors reduced their stake to 0.79 per cent from 0.91 per cent in the December 2024 quarter.
Money increased 93 times in 5 years
Shares of Piccadilly Agro Industries have given a strong return of 177 percent in the last one year. At the same time, in the last 5 years, its investors have got a huge profit of 9,305 percent. In January 2020, the price of one share of the company was only Rs 8.58, which has increased to Rs 803.75 today. That means investors’ money has increased more than 93 times in 5 years.
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