CCL Products volume surges over 37 times
By
Research Desk
about 8 years ago
CCL Products has today shown a phenomenal over 37 times surge in volumes. The stock price surged during the day to an intra day high at Rs.222.85, up almost 15%. Its 52-week high is at Rs.253.90 and low at Rs.154.
The market is very enthused with the company’s FY16 performance. It posted a 30% (YoY) rise in consolidated net profit at Rs.122 crore on an 8% increase in net sales at Rs.921 crore. The market is thrilled because this performance beats its own guidance of 20% growth in net profit for the fiscal and on a TV interview said that in FY17, it expects a growth of 25%.
Its Q4FY16 performance was also very good after its consolidated net profit soared 70% (YoY) ay Rs.37 crore on a 23% increase in net sales at Rs.264 crore.