CCL Products scales record high on rich Q2 brew

CCL Products (India) jumped 6.74% to Rs 134.70 at 12:04 IST on BSE, after consolidated net profit soared 56.9% to Rs 26.14 crore on 48.9% rise in net sales to Rs 247.24 crore in Q2 September 2014 over Q2 September 2013.

The company announced the results after trading hours yesterday, 28 October 2014.

Meanwhile, the BSE Sensex was up 155.40 points, or 0.58% to 27,036.22

On BSE, so far 7.15 lakh shares were traded in the counter as against an average daily volume of 2.93 lakh shares in the past one quarter.

The stock scaled a record high of Rs 140.50 in intraday trade today, 29 October 2014. The stock hit a low of Rs 132.95 so far during the day. The stock hit a 52-week low of Rs 26.30 on 13 November 2013.

The small-cap stock had outperformed the market over the past one month till 28 October 2014, rising 13.9% compared with 0.96% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 81.58% as against Sensex's 3.42% rise.

The company's equity capital is Rs 26.61 crore. Face value per share is Rs 2.

CCL Products (India) is a manufacturer and exporter of powdered and granulated coffee. The company exports instant coffee under different international and domestic brand names.

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