Piccadily Agro gains after fixing record date for 1:1 bonus issue

Piccadily Agro Industries rose 4.88% to Rs 34.40 at 15:22 IST on BSE after company said that it has fixed 7 April 2015 as the record date for 1:1 bonus issue.

The announcement was made after market hours yesterday, 26 March 2015.

Meanwhile, the S&P BSE Sensex was down 12.21 points or 0.04% at 27,445.37.

On BSE, so far 25,327 shares were traded in the counter as against average daily volume of 20,967 shares in the past one quarter.

The stock hit a high of Rs 35.50 and a low of Rs 33.05 so far during the day. The stock had hit a 52-week high of Rs 47.50 on 31 March 2014. The stock had hit a 52-week low of Rs 32 on 14 May 2014.

The stock had underperformed the market over the past one month till 26 March 2015, falling 13.46% compared with the Sensex's 4.48% fall. The scrip had also underperformed the market in past one quarter, sliding 10.87% as against Sensex's 0.79% rise.

The small-cap stock has equity capital of Rs 23.59 crore. Face value per share is Rs 10.

Piccadily Agro Industries' net profit fell 86.3% to Rs 0.54 crore on 4.6% drop in total income to Rs 67.67 crore in Q3 December 2014 over Q3 December 2013.

Piccadily Agro Industries started its operation in the year 1996-97 for manufacture of white crystal sugar and later expanded business to set up a distillery unit.

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