CCL Products India Ltd Achieves $1 Billion Market Cap as Coffee Stock Soars

30 Jun 2023 , 11:25 AM

CCL Products India Ltd, the world’s largest private-label coffee manufacturer, will be stock in focus during Friday’s deals as it crosses the milestone of becoming a billion-dollar company. The recent rally in the coffee stock has propelled its market capitalization to $1 billion.

CCL Products has emerged as one of the multi-bagger stocks in the Indian stock market, particularly in the post-Covid rebound. The company attributes its success to large-scale production advantages and continuous innovations, key drivers of its growth.

CCL Products garners attention for its proposed Rs 400 crore investment in a new manufacturing plant at Continental Coffee Park, located in Kuvvakolli village, Tirupati district, Andhra Pradesh.

The company’s shares are listed and traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). As per data, Its 52-week high on NSE stands at Rs 669.95, while the 52-week low is Rs 360.55 per share.

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