Buy CCL Products target Rs 352: Equirus
Equirus has buy call on CCL Products with a target price of Rs 352.
The current market price of CCL Products is Rs 292.75.
Target date given by the agency is 30 September 2018 when CCL Products price can reach defined target.
CCL Products, incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 3806.59 crore) operating in Tea/Coffee sector.
CCL Products key Products/Revenue Segments include Coffee which contributed Rs 692.12 crore to Sales Value (96.92 per cent of Total Sales), Other Operating Revenue which contributed Rs 21.94 crore to Sales Value (3.07 per cent of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 296.97 crore, up 6.85 per cent from last quarter Sales of Rs 277.95 crore and up 12.48 per cent from last year same quarter Sales of Rs 264.02 crore.
Company has reported net profit after tax of Rs 35.27 crore in latest quarter.
The company’s top management includes Mr.B Mohan Krishna, Mr.Challa Rajendra Prasad, Mr.Challa Srishant, Mr.G V Krishna Rau, Mr.I J Rao, Mr.J Rambabu, Mr.K Chandrahas, Mr.K K Sarma, Mr.Lanka Krishnanand, Mr.Vipin K Singal, Ms.Kulsoom Noor Saifullah, Ms.Shantha Prasad Challa. Company has M Anandam & Co. as its auditors.
As on 31-03-2017, the company has a total of 133,027,920 shares outstanding.
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Via:: Economic Times – Stocks