Liquor manufacturing company will launch 2 new whiskeys, the price will be this
If you are also fond of drinking alcohol, this news might come in handy for you. In fact, the shares of Piccadilly Agro, the company that makes the world’s best Indri whisky, have seen a rapid rise. Piccadilly Agro shares rose by 5% on Friday to reach Rs 800.95 on the Bombay Stock Exchange. Thanks to this, along with liquor lovers, the company’s investors have also become richer. Apart from this, there is another good news for liquor lovers – the company will soon launch 2 new whisky brands in the market.
Currently, two major whiskey brands of the company have been approved for supply in the Central Armed Forces canteens. Piccadilly Agro shares have risen by over 10,000% in the last 5 years. The 52-week high of the company’s shares is Rs 910.70. At the same time, the 52-week low of Piccadilly Agro shares is Rs 95. In just one year, the company’s investors have made a profit of over 593.10 percent.
This is how 1 lakh became 8 lakh
Those who had invested Rs 1 lakh in Piccadilly liquor company at a price of Rs 95 per share a year ago would have earned 593 per cent more profit. Their Rs 1 lakh amount would have turned into Rs 8,42,400 today. A year ago, the share price of the company was Rs 95 and today these shares have reached Rs 800. Moreover, the company’s shares have more than doubled the investors’ money in just 6 months. In the last 6 months, Piccadilly Agro shares have risen by more than 115%.
Whisky brands will be supplied in this space.
Piccadilly Agro has said in an exchange filing that the company’s Indri single malt whisky and Whistler blended malt whisky will now be supplied to 98 depots across the country. The company’s total revenue on a standalone basis in the first quarter of the current financial year was Rs 209 crore. At the same time, the company’s net profit increased by 31.1 per cent year-on-year to Rs 21.1 crore. The company’s EBITDA increased by 14.6 per cent to Rs 24.96 crore.
Shares rose more than 10,000% in 5 years
Piccadilly Agro shares have seen a rise of over 10400% in the last 5 years. Piccadilly Agro shares were at Rs 7.34 on August 30, 2019. The company’s shares reached Rs 788.45 on the Bombay Stock Exchange on August 29, 2024. At the same time, in the last 4 years, the company’s shares have seen a rise of over 8300 percent.
