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Business News/ Markets / Stock Markets/  Stock in focus: CCL Products share hits $1 billion market cap. Gives 300% return in three years
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Stock in focus: CCL Products share hits $1 billion market cap. Gives 300% return in three years

CCL Products (India) Ltd, the world's largest private label coffee manufacturer, has become a billion dollar company as its market cap hits $1 billion

Multibagger stock has delivered stellar returns in the Indian stock market, surging 300% in the past three years.Premium
Multibagger stock has delivered stellar returns in the Indian stock market, surging 300% in the past three years.

Stock in focus on Friday: CCL Products (India) Ltd — world's largest private label coffee manufacturer — will be one of the stocks in focus during Friday deals as the company has turned into a billion dollar company as the coffee stock has hit $1 billion market cap in recent rally. This coffee stock is one of the multibagger stocks that Indian stock market has produced in last few years, especially in bounce back after the Covid-19 sell off. The coffee brand said that the feat was achieved on large scale production advantage and innovations, which is core of the company's growth.

CCL Products share price history

As mentioned above, CCL Products shares are one of the multibagger stocks of the Indian stock market. In last one month, CCL Products share price has ascended to the tune of 8 per cent whereas in last six months, this coffee stock has surged around 25 per cent. In year-to-date (YTD) time, this stock has risen from 545 to 667 apiece levels, delivering to the tune of 22 per cent return to its positional share holders. However, in last one year, this multibagger stock has delivered 75 per cent return to its shareholders.

This multibagger stock is one of those stocks, that has delivered stellar return to its shareholders in post-Covid rebound. In last near three years, this stock has surged from around 175 to 667 per share, delivering near 300 per cent return to its long term investors in this time.

The coffee company is in news these days for setting up new manufacturing plant at Continental Coffee Park in Kuvvakolli village in Tirupati district in Andhra Pradesh, with an investment of 400 crore.

On factors that helped CCL Products to become a billion dollar company, Challa Rajendra Prasad, Founder & Chairman at CCL Products India Ltd said: “Thirty years ago when I saw that Indian coffee beans were being exported as raw materials, I thought why shouldn’t we do the value addition in our own country and then export the finished products? This way, our country will earn more foreign exchange and, in the process, generate more employment as well. With this objective, I started Continental Coffee Ltd. (CCL) and set up our first factory at Duggirala. With the help of our marketing partners across the world, we were able to focus on creating customised products for each customer across the world. As a result, today we are the largest private label coffee manufacturer in the world."

CCL Products shares are available for trade on both NSE and BSE and it ended on Wednesday with a trade volume of 1,10,983 on NSE. Its 52-week high is 669.95 whereas its 52-week low is 360.55 per share on NSE.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 29 Jun 2023, 03:13 PM IST
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