homemarket Newsstocks NewsMoneycontrol Pro Ideas for Profit: Add CCL Products on declines for long term
Moneycontrol Pro Ideas for Profit: Add CCL Products on declines for long-term
Giving a few Ideas for profit from Moneycontrol Pro, Nandish U Shah of Moneycontrol.com spoke about a stock that he has been tracking closely, CCL Products.
Giving a few Ideas for profit from Moneycontrol Pro, Nandish U Shah of Moneycontrol.com spoke about a stock that he has been tracking closely, CCL Products.
CCL Products has been in the business of processing green coffee. It is currently one of the largest private green-label instant coffee manufacturers. The company management has guided for a volume growth of 10-15 percent in FY22.
The stock is now trading at a P/E multiple of 19 times based on FY23 earnings, as compared to an average mean P/E of 22 times for the last five years.
Investors can ambulate this stock at current levels and add on declines for the long-term.
Watch the accompanying video for more details.
(Edited by : Dipika)
First Published: Jun 2, 2021 1:27 PM IST
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