CCL Products India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 5610.45 Crore) operating in Tea / Coffee sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 326.23 Crore, down -2.49 % from last quarter Total Income of Rs 334.55 Crore and up 12.78 % from last year same quarter Total Income of Rs 289.26 Crore. Company reported net profit after tax of Rs 43.84 Crore in latest quarter.
Investment Rationale
After losing ~20 per cent from the recent peak, the stock found renewed buying interest. The appearance of a bullish candle at the current juncture represents the immediate floor near Rs 405, while positive follow-up action could lift the stock towards Rs 460 zone.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
