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Updated: 09/07/2009 | 12:00 AM IST
CCL Products cools off after surging 18% in two days
Capital Market
Thursday, July 09, 2009 (New Delhi)
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Meanwhile, as per provisional closing the BSE Sensex was down 3.50 points, or 0.03%, to 13765.65

On BSE, 23696 shares were traded in the counter. The scrip had an average daily volume of 24551 shares in the past one quarter.

The stock hit a high of Rs 159.85 and low of Rs 147.45 so far during the day. The stock had hit a 52-week high of Rs 182.25 on 8 September 2008 and a 52-week low of Rs 51.15 on 12 March 2009.

Shares of CCL Products (India) had risen 18.33% in two trading days to Rs 155.20 on 8 July 2009 from Rs 131.15 on 6 July 2009. The stock had stock had outperformed the market over the past one month till 8 July 2009, rising 26.18% as compared to the Sensex's 8.98% fall. It also outperformed the market in the past one quarter, galloping 128.24% as compared to the Sensex's return of 27.45%.

The small-cap coffee maker has an equity capital of Rs 13.30 crore. Face value per share is Rs 10.

The current price of Rs 150 discounts the company's year ended March 2009 EPS of Rs 15.32, by a PE multiple of 9.79

On 19 June 2009, Reliance Asset Management Singapore India Equity Growth Fund bought 1.52 lakh shares, or 1.14% equity stake in CCL Products (India) through a bulk deal on the BSE at Rs 117 each. DSP Blackrock Investment Managers Micro Cap Fund was the seller in this deal

CCL Products (India)'s net profit fell 94.2% to Rs 1.14 crore on a 19.5% decline in sales to Rs 62.02 crore in Q4 March 2009 over Q4 March 2008.

CCL Products (India) is a manufacturer and exporter of powdered and granulated coffee. The company exports instant coffee under different international and domestic brand names.

On 13 February 2009, CCL Products (India) said promoters have pledged 2.5 lakh shares, or 1.88% equity stake in the company. Total promoter holding in the company is 30.29% (as on March 2009).

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