Tea and Coffee Products share CCL Products gives investors a massive 6000% return.

Good gains by CCL Products share!

Good gains by CCL Products share

CCL Products India Limited, a company founded in 1961 and known as Continental Coffee, is publicly listed. Its shares were recorded in 1994 to produce the world's finest and most exquisite coffee. The clients of the company are global, with clients across 90 countries. It is one of the biggest instant coffee exporters from India.

The company's executive chairman is Mr Challa Rajendra Prasad, an Engineer-Technocrat-Entrepreneur. He has more than 25 years of experience in the International Coffee Industry. The MD is MR. Challa Srishant is a lawyer by education, a graduate of the National Academy of Legal Studies And Research (NALSAR), University of Law, Hyderabad.

The stock has been a multibagger, and a mere investment of Rs 1 Lakh in the stock in March 2009 would have turned into Rs 68 Lakhs. On 13 March 2009, the stock was trading at Rs 5.88. On Thursday, 14 July, it closed at Rs 409. 

Related: Multibagger Stocks: Investments of Rs 1lakh in this share can turn upto Rs 5lakhs in two years.

CCL Products

The stock is on a fine run in the markets. The stock was trading at Rs 5.88 on 13 March 2009. The stock closing on 14 July 2022 was Rs 409. This is a return of more than 6000%. Such multibaggers are hard to find, and if you find such a multi-bagger stock, you should make full use of the moves in such stocks. One thing to remember, though, is that past performance is no guarantee of future returns.

Experts are still bullish on the stock, and many experts have to buy calls on the stock. Axis Securities has a buy call on the stock with a target price of Rs 560. As per the domestic brokerage house, this stock can still gain 40% from the current market price. The stock has a 52-week high price of Rs 514.95. This means that the stock is available at a discount of 20% from the 52-week high price. The 52-week low price for the stock is Rs 310. So, it is still around 30% up from its 52-week low price.

The stock is one of the best performers in the markets. If the previous returns are any indication, the stock should continue to perform well. But in the stock markets, you should do your research, and a previous track record is no guarantee of future returns. Here is another Multibagger stock

CCL Products, an instant coffee maker and exporter, is one of the best-performing stocks. The stock has given more than 6000 percent in the last 13 years. As per Axis Securities, a domestic brokerage house, the stock is expected to give even better returns in the coming months. The target price per the brokerage house is Rs 560. The target price is still a cool 40 percent return from current levels. If the brokerage house is accurate, the multi-bagger stock can give even more returns in the coming months. Read this Premium article to understand How to identify undervalued stocks.

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