Indri whisky was awarded Double Gold Best In Show at a whisky-tasting competition.
Currently, the stock of Piccadily Agro Industries Ltd. is trading at Rs 241.85 as recorded at 11:08 AM at NSE. The previous close was Rs 254.55 on October 24.
In India, people now make a lot of investments in different sectors. They tend to invest in mutual funds, fixed deposits (FDs), stocks and more. One of the most common ways to invest money is by putting it in the stock market. Even though the stock market is considered risky, some companies give a high return to their investors. These are known as multi-bagger stocks. Multi-bagger stocks are equity shares of a company that generate returns multiple times higher than its initial cost of acquisition. These stocks have tremendous growth potential and demonstrate sound management and production techniques. One such multi-bagger stock that is getting into the limelight is Piccadily Agro Industries Ltd.
The stock of Piccadily Agro Ltd. has grown from 0.25 paise to Rs 312. This company supplies and sells whiskey. Recently, they got into the limelight for making a whisky named Indri, which received the world’s best whisky award. After Indri whisky was awarded “Double Gold Best In Show” in one of the largest whisky-tasting competitions, the share price showed a significant rise in the past month. The Indri Diwali Collector’s Edition 2023 was adjudged the best whisky brand in the world.
On September 25, the price of one share was around Rs 25 and after one month in October, the price of one share reached around Rs 254. It is important to note that the price of the stock even peaked at an all-time high of Rs 312.
Over the years, the share price of Piccadily Agro Industries has given great returns to investors. As per reports, the share price of one stock was 0.25 paise in 1997, and now it is around Rs 250. The stock has been able to give a multi-bagger return to its investors.
Even in one year, the shares of Piccadilly Agro Industries have increased the investors’ money by almost five times. In October 2022, shares of this company were available at Rs 46 apiece. Apart from India, the whisky produced by Piccadilly Agro Limited is available in 17 other countries. The company also does business in the sugar and distillery segments as well.
Currently, the stock of Piccadily Agro Industries Ltd is trading at Rs 241.85 as recorded at 11:08 AM at NSE. The previous close was recorded at Rs 254.55 on October 24.
Source: News18