Piccadily Agro shares surge 11% after announcing NSE debut on Wednesday
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Shares of Piccadilly Agro Industries surged 11% on Tuesday, reaching the day's high of Rs 634.90 on the BSE after the company informed exchanges about its listing on the NSE on Wednesday, July 2.The designated NSE symbol for the company will be PICCADIL.The alco-beverage company, which is synonymous with single malt whisky brand Indri and Cashmir Vodka, also manufactures Camikara Pure Cane Juice Rum and Whistler Whisky.'With this forthcoming NSE listing , investors will be able to trade on both premier Indian stock exchanges—BSE and NSE. This strategic move reflects Piccadilly Agro's commitment to enhance shareholder value and improve accessibility and liquidity for a broader investor base,' a company release said.Commenting on the development, CFO Natwar Aggarwal said that the NSE listing is a defining milestone in the company's journey. 'As the company enters a new phase of accelerated momentum, our strategy is to scale aggressively, boost capacity, drive volumes and unlock higher profitability, all with a sharp eye on delivering strong returns and sustainable wealth creation for our shareholders,' Natwar said.Piccadily Agro operates primarily in two business segments – distillery and sugar. Its manufacturing facility is located in Indri, Haryana, covers 168 acres and is equipped with advanced technology for producing a diverse range of products, including Malt, Extra Neutral Alcohol (ENA), Ethanol, and White Crystal Sugar. Piccadily Agro shares have struggled so far this year, declining by 35% on a year-to-date basis. Its shares have seen a double-digit increase in the early teens over 1 year.Also read: D-Street's hidden bulls: 11 stocks give multibagger returns up to 522% in H1CY25. Check details The company's standalone net profit in Q4FY25 stood at Rs 40 crore, which is a 7.2% YoY decline, while its total revenue in the quarter under review stood at Rs 257 crore, falling by over 4.5% YoY.
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