CMP : 39

Piccadily Agro Industries Limited manufacture sugar and its by products.

Piccadily Agro Industries is a 92 Cr penny cap stock. Its NPM has risen significantly from 1% to 6% between FY08 and FY09 and thats been a turning point. Their NPM has increased to over 10% in FY10. These are very bullish times to buy the stock. Its trading very attractively at a P/E of less than 7. Its been very bullish on the chart as well and 33 - 35 is a very good support level to accumulate. Cash flows of the company are pretty decent. Buy, Accumulate on dips and hold.