Share Market Investors are always looking for a multibagger stock. It is also said that if the right stock is found then the investor becomes rich. Today we are talking about one such stock. The name of the company becoming Multibagger Stock is Piccadilly Agro Industries. This company produces single malt whiskey under the name Indri. The company has made investors rich in the last one year. From April 2023 to April 2024, the company has given a bumper return of 1,180.14% to its investors. Even today the upper circuit is still in stock. That means, if an investor had invested Rs 1 lakh in this stock in April last year, today his money would have increased to around Rs 12 lakh.
Price reached Rs 605 from Rs 47
If we look at the share of Piccadilly Agro Industries, it was Rs 47.28 last year on 26 April 2023. Today the price of this share has increased by 1,180.14% to Rs 605.25. The stock is up 23 times since November 2021. Whereas, in the last one year, it has grown 12 times, and is trading at a PE (price-to-earnings) multiple of 48x. Radico Khaitan, Contessa Rum and premium single-malt Rampur are trading at PE multiples of 98x. At the same time, Piccadilly Agro looks cheaper in comparison. That means there is still full potential for growth in this stock.
What work does the company do?
If we look at the business of Piccadilly Agro Industries, this company manufactures sugar, jaggery, bagasse and ethanol. The company also operates in the sugar and distillery segments. It also produces spirits under the Malta, Marshalls, Whistler, Comet, Indri Trini, Camicara Rum, Royal Highland and Golden Wings brand names. The company was established in 1994 and is based in Chandigarh. The reason for the spectacular rise in the company’s shares is the tremendous demand for the company’s single malt whiskey Indri.
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