CCL Products ( Cmp 322) Buy for target of 352-380 -432 Stop loss for traders is 310 and for investors 290
Shareholding pattern reflect confidence in business model as Promoters and FII holding changed significantly in last 6 months
They are Asia’s largest private label instant coffee manufacturer and are in expansion mode Recently they has set up a new instant coffee processing plant in Switzerland and is also setting up a similar plant in Vietnam.
Have plans to launch its own brand of coffee in next few months
The company plans to initially sell its own brand in south India, where coffee demand is highest in the country.
Reliance Capital own substantial stake ( more then 9 % ) in CCL Products
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