CCL Products (India) scales record high after good Q1 result

CCL Products (India) rose 1.37% to Rs 263 at 11:27 IST on BSE after consolidated net profit rose 33.3% to Rs 40.27 crore on 17.9% rise in net sales to Rs 250.36 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours on Friday, 29 July 2016.

Meanwhile, the S&P BSE Sensex was up 172.46 points, or 0.61% to 28,224.32

On BSE, so far 32,366 shares were traded in the counter as against an average daily volume of 17,529 shares in the past one quarter. The stock hit a high of Rs 265.50 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 259 so far during the day. The stock hit a 52-week low of Rs 154 on 26 February 2016. The stock had underperformed the market over the past one month till 29 July 2016, gaining 4.51% compared with 4.9% rise in the Sensex. The scrip outperformed the market in past one quarter, rising 33.7% as against the Sensex's 9.55% rise.

The mid-cap company has an equity capital is Rs 26.61 crore. Face value per share is Rs 2.

CCL Products (India) is engaged in the manufacture of Soluble Instant Spray Dried Coffee Powder, Spray Dried Agglomerated/Granulated Coffee, Freeze Dried Coffee, Roasted Coffee, Roast & Ground Coffee, as well as Freeze Concentrated Liquid Coffee.

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