Piccadily Agro Share Price Surges by 5%
ππ The shares of Piccadily Agro Industries Limited are on a remarkable growth trajectory, providing fantastic returns to its investors in recent years. The company, known for being the world’s most famous Indian whisky producer, has seen a surge in its share prices.
Investment Boom for Shareholders
π°π On April 10, 2024, investors who had invested βΉ1 lakh in Piccadily Agro Industries Limited saw their investment value skyrocket to βΉ1,50,000 in just 15 days. In the past month alone, the company’s shares have provided an impressive 82% return to investors.
Record-Breaking Share Prices
πΈπ On Thursday, April 25, 2024, Piccadily Agro Industries’ shares were trading at βΉ576.45, marking a 5% increase. The upward trend continued on Friday, April 26, with the share price rising by another 5% to βΉ605.
Continuous Growth and Expansion
π±πΌ Piccadily Agro Industries’ shares have been hitting the upper circuit of 5% for the past eight days, reflecting the company’s strong performance. With a total market capitalization of βΉ5,180 crore, the company recently announced robust results for the March 2024 quarter.
Strategic Investment Plans
π‘π° The company has decided to raise βΉ1,000 crore through a QIP, showcasing its commitment to further growth and expansion. The demand for the company’s Indri brand single malt whisky has been steadily increasing, with the brand capturing 30% of India’s total whisky market share.
Industry Recognition and Achievement
ππ₯ The Indri brand of single malt whisky has won several international awards, solidifying its position in the market. Since its launch in November 2021, the demand for Indri brand has grown sevenfold, highlighting its popularity among consumers.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
