{"id":111959,"date":"2023-10-16T16:40:54","date_gmt":"2023-10-16T11:10:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111959"},"modified":"2023-10-16T16:41:00","modified_gmt":"2023-10-16T11:11:00","slug":"alcohol-stock-turns-multibagger-and-delivers-more-than-100-returns-in-just-9-days-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-turns-multibagger-and-delivers-more-than-100-returns-in-just-9-days-heres-why\/","title":{"rendered":"Alcohol stock turns multibagger and delivers more than 100% returns in just 9 days; Here&#8217;s why"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-448363223\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India&#8217;s largest independent malt maker gained traction in the past nine days after it received the award for the best whisky in the world at the 2023 Whiskies of the World Award.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-584834763\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Monday, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/530305\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Piccadilly Agro Industries Ltd<\/a><\/strong> shares soared 20 percent to an all-time high of Rs 297.55 per share from the previous close price.\u00a0<\/p><p>The stock has gained a multibagger return of 101 percent in the last nine days ranging from Rs 148 to 297.55 a share. A shareholder&#8217;s investment of Rs. 1 lakh in the business would be worth Rs. 2.01 lakhs in nine days.&nbsp;<\/p><p>Recently, Piccadily Agro Industries has been awarded the \u2018Best in Show, Double Gold\u2019 title at the 2023 Whiskies of the World Awards for manufacturing of Indri Diwali Collector&#8217;s Edition 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3065441229\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Indri Diwali Collector&#8217;s Edition 2023, an Indian Whisky, won &#8216;Best in Show, Double Gold&#8217; in the 2023 Whiskies of the World Awards. In 2021, In Haryana, the company launched its whisky under the brand Indri.&nbsp;<\/p><p>The Whiskies of the World Award is one of the world&#8217;s largest whiskey-tasting competitions. Over 100 varieties of whiskey from all over the world are judged in the event, which is held annually.&nbsp;<\/p><p>The company&#8217;s sales have climbed by 24 percent yearly, growing from Rs 184 crore in Q1FY23 to Rs 228 crore in Q1FY24. Furthermore, net profit increased by 57 percent during the same time period, from Rs 7 crore to Rs 11 crore.&nbsp;<\/p><p>The stock has delivered multibagger returns of 340 percent in three months and 650 percent over a year. A shareholder&#8217;s investment of Rs. 1 lakh in the business would be worth Rs. 7.50 lakhs after a year and Rs. 4.40 lakhs after three months.&nbsp;<\/p><p>The company promoters hold a 70.97 percent stake in the company in the recent shareholding pattern and retail investors hold a 29.02 percent stake.&nbsp;<\/p><p>Piccadily Agro Inds. Ltd. is primarily engaged in the manufacturing of sugar and its by-products. The company&#8217;s product range includes white crystal sugar, molasses, and liquor.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3710918903\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1869745862\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India&#8217;s largest independent malt maker gained traction in the past nine days after it received the award for the best whisky in the world at the 2023 Whiskies of the World Award.&nbsp; On Monday, Piccadilly Agro Industries Ltd shares soared 20 percent to an all-time high of Rs 297.55 per share from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13358,13359,13357,948,936],"class_list":["post-111959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-piccadilly-agro-industries-latest-news","tag-piccadilly-agro-industries-returns","tag-piccadilly-agro-industries-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alcohol stock turns multibagger and delivers more than 100% returns in just 9 days; 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