CCL products (Strong Buy) - The stock has been showing strong momentum. However, correction is on anvil for (39 - 37), and this should give us the opportunity to accumulate the stock. The stock can give returns on Long term Horizon.
The stock is trading at very cheap valuation as compared to its peers like TATA Cofee & McLeod Russel.
Results as of 28th Jan:-
CCL Products India has reported a consolidated sales turnover of Rs 198.26 crore vs Rs 166 and a net profit of Rs 17.19 crore vs Rs 16.66 for the quarter ended Dec '13. Other income for the quarter was Rs 0.86 crore. For the quarter ended Dec 2012 the consolidated sales turnover was Rs 207.60 crore and net profit was Rs 15.24 crore.
Read more at: http://www.moneycontrol.com/news/results/ccl-products-consolidated-dec-13-sales-at-rs-19826-crore_1032609.html?utm_source=ref_article
Buy :- CMP-40.35, Trigger price for Buy - @37/34
The stock is trading at very cheap valuation as compared to its peers like TATA Cofee & McLeod Russel.
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| Daily Chart |
CCL Products India has reported a consolidated sales turnover of Rs 198.26 crore vs Rs 166 and a net profit of Rs 17.19 crore vs Rs 16.66 for the quarter ended Dec '13. Other income for the quarter was Rs 0.86 crore. For the quarter ended Dec 2012 the consolidated sales turnover was Rs 207.60 crore and net profit was Rs 15.24 crore.
Read more at: http://www.moneycontrol.com/news/results/ccl-products-consolidated-dec-13-sales-at-rs-19826-crore_1032609.html?utm_source=ref_article
Buy :- CMP-40.35, Trigger price for Buy - @37/34
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