Piccadily Agro shares jumped over 3% following the company’s announcement to triple its ethanol production capacity and double its malt and barrel storage by the first half of FY2026. As of 12:46 PM, the shares were trading 2.79% higher at Rs 619.55.
According to the company’s annual report, these expansions could potentially add around 50% to its existing revenue stream in the near term.
The planned growth highlights Piccadily Agro’s strategy to strengthen its core operations and capitalize on increasing demand in the ethanol and malt industries. Analysts say the expansion could improve the company’s market position and boost long-term profitability.
Piccadily Agro shares traded today with a low of ₹599.05 and a high of ₹621.00. The stock opened at ₹602.00, close to yesterday’s close of ₹602.75. Over the past year, the shares have ranged from ₹569.10 to ₹700.00.
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