India's CCL Products rises on third-quarter earnings growth

Shalby

18/01/2023 09:25

** Shares of CCL Products  CCLP.NS  rise as much as 3.76% to
539 rupees, mark the biggest intraday pct gain since Jan 2 
    ** The rise in the instant coffee manufacturer's stock comes
after the co reported a 25% rise in net profit while core profit
grew 9% in the third quarter
    ** Revenue rose 26.5% to 5.35 bln rupees in the December
quarter, compared with 4.23 bln rupees in the year-ago period
    ** The company also declared an interim dividend of 3 rupees
per equity share for FY2023, record date for payment of interim
dividend fixed at Jan 31
    ** Trading volume is 5,50,209 shares, nearly thrice the
30-day avg of 1,94,501 shares
    
    ($1 = 81.7700 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))