Active Stocks
Sat May 18 2024 12:49:03
  1. Tata Motors share price
  2. 952.95 0.76%
  1. Power Grid Corporation Of India share price
  2. 316.85 1.12%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. ITC share price
  2. 436.50 -0.02%
  1. State Bank Of India share price
  2. 821.30 0.42%
Business News/ Markets / Stock Markets/  Piccadily Agro Industries: This stock surged over 3800% in 3 years, gained 850% in a year; should you buy?
BackBack

Piccadily Agro Industries: This stock surged over 3800% in 3 years, gained 850% in a year; should you buy?

Piccadily Agro Industries, a small-cap player in the sugar industry, has been garnering attention in the stock market due to its noteworthy recent performance. The stock has skyrocketed over 3825 percent from ₹10.9 in March 2021 to currently trade at ₹430.25.

Piccadily Agro Industries, a small-cap player in the sugar industry, has been garnering attention in the stock market due to its noteworthy recent performance. The stock has skyrocketed over 3825 percent from ₹10.9 in March 2021 to currently trade at ₹430.25.Premium
Piccadily Agro Industries, a small-cap player in the sugar industry, has been garnering attention in the stock market due to its noteworthy recent performance. The stock has skyrocketed over 3825 percent from 10.9 in March 2021 to currently trade at 430.25.

Piccadily Agro Industries, a small-cap player in the sugar industry, has been garnering attention in the stock market due to its noteworthy performance.

Once a penny stock, the stock has given multifold returns to its investors in the last 3 years. The stock has skyrocketed over 3825 percent in this period, from 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.

Read here: Multibagger: This penny stock jumped over 6,000% in 3 years; should you invest?

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.

Read here: Multibagger: This stock has skyrocketed over 29,000% in 3 years

Earnings

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.

Brokerage view

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. These indicators highlight the company's proficiency in generating profits, efficient capital utilisation, and commitment to enhancing shareholder value.

MarketsMOJO, a stock market analysis and recommendation platform, has also issued a 'Buy' recommendation for Piccadily Agro Industries. This endorsement is encouraging for investors, given that the company's stock has been outperforming the sector and has exhibited promising indicators.

Read here: Once a penny stock, Cinerad Communications soared 2051% in just 1 year

The impressive growth and optimistic outlook for Piccadily Agro Industries underscore the company's robust fundamentals and effective management. With its consistent performance and promising potential for future expansion, the company emerges as a notable player to monitor within the sugar industry, said the analyst.

About penny stocks

Investing in penny stocks can be tempting due to their potential for high returns, but it's essential to understand the significant risks involved. These stocks may not be suitable for everyone, particularly those who are risk-averse. Only individuals comfortable with high-risk investments and willing to allocate a small portion of their portfolio should consider them. Seeking advice from a financial advisor before making any decisions is highly recommended.

Read here: Multibagger: This penny stock surged 1,011% in just one year; should you invest?

Penny stocks present several challenges. They often represent small, lesser-known companies with limited analyst coverage and minimal publicly available information. Additionally, the lack of transparency and access to management insights complicates investment decisions.

Furthermore, penny stocks are vulnerable to various risks such as illiquidity, high-impact costs, and difficulties associated with low trading volumes. Without compelling reasons supported by thorough research, investing in penny stocks is generally not advisable for serious, long-term investors seeking stability and growth in their portfolios.

 

Disclaimer: This story is for educational purposes only. Please speak to an investment advisor before making any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 16 Apr 2024, 12:09 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started