Multibagger Inventory: Cash elevated 93 occasions in 5 years, is there scope for additional rise in shares? – INA NEWS

Multibagger Inventory: Piccadilly Agro Industries Restricted (Piccadily Agro Industries) shares have given multibagger returns to its traders over the long run. Nonetheless, this inventory has been underneath strain for a while amid heavy promoting out there. Right this moment, on January 23, the corporate’s shares have elevated by 1.92 p.c and the inventory closed at Rs 803.75 on BSE. This multibagger inventory has seen a correction within the current previous. It has fallen 21% from its file excessive in nearly a month. The market cap of the corporate is Rs 7582 crore.

Technical of Piccadily Agro Industries

Piccadilly Agro Industries shares have a beta of 0.9, which signifies low one-year volatility. On the technical facet, the Relative Power Index (RSI) of Piccadilly Agro Industries stands at 41.4, which signifies that it’s neither within the overbought nor oversold zone. The inventory is buying and selling beneath its 5 day, 10 day, 20 day, 30 day, 50 day shifting averages, however above its 100 day, 150 day and 200 day shifting averages.

Financials of Piccadily Agro Industries

Piccadilly Agro Industries Restricted is an India-based firm that manufactures sugar and distillery merchandise. The corporate is India’s largest impartial producer of malt spirits. Within the second quarter of this monetary yr, the corporate recorded a 63 p.c enhance in income to Rs 186 crore as in comparison with Rs 114.1 crore within the second quarter of the final monetary yr. Web revenue elevated by 109% to Rs 25 crore within the September 2024 quarter, in comparison with Rs 11.9 crore within the corresponding quarter of the earlier monetary yr. Earnings per share (EPS) rose by 109.52 per cent year-on-year to Rs 2.64 within the second quarter in comparison with Rs 1.3 per share within the September 2023 quarter.

Shareholding sample of Piccadily Agro Industries

Speaking in regards to the shareholding sample, the promoters’ stake stays at 70.97 p.c within the December 2024 quarter. Nonetheless, FII/FPI lowered their stake from 0.88 per cent to 0.78 per cent within the December 2024 quarter. Then again, institutional traders lowered their stake within the December 2024 quarter from 0.91 per cent to 0.79 per cent.

Cash elevated 93 occasions in 5 years

Shares of Piccadilly Agro Industries have given a powerful return of 177 p.c within the final one yr. On the identical time, within the final 5 years, its traders have gotten an enormous revenue of 9,305 p.c. In January 2020, the value of 1 share of the corporate was solely Rs 8.58, which has elevated to Rs 803.75 right now. Which means traders’ cash has elevated greater than 93 occasions in 5 years.

Disclaimer: The knowledge supplied right here is being supplied for info solely. You will need to point out right here that investing out there is topic to market dangers. As an investor, all the time seek the advice of an skilled earlier than investing cash. Moneycontrol by no means advises anybody to take a position cash right here.