India's CCL Products hits record high on Q4 earnings growth

CCL Products (India)

17/05/2023 10:50

** Shares of CCL Products (India) Ltd  CCLP.NS  rise as much
as 5.84% to a record high of 627 rupees
    ** Co reports 62% Y/Y rise in consolidated net profit in
March quarter
    ** Revenue from operations rises 38%; core profit rises 34%
    ** Trading volume is ~811,100 shares as of 3:13 p.m. IST,
nearly 4x the 30-day avg - Refinitiv data
    ** Eight analysts rate stock 'buy' or higher, one 'hold;'
median PT is 635 rupees

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))