Stock To Buy Recommendation: Geojit has recommended Buy rating on CCL Products (India) Ltd shares. The brokerage has set a target price of Rs 1,350 on CCL Products stock, offering an upside of 30 per cent from the closing of Rs 1,038.
Geojit has recommended buying CCL Products in the range of Rs 1,070 to Rs 1,100.
The target price of Rs 1,350 could be achieved in a period of three to six months, said Geojit in its report.
Stock To Buy: CCL Products
Geojit said that CCL Products shares have given a breakout from a prolonged consolidation base and it signals continuation of the prevailing uptrend and reflects strong trend acceptance at higher levels.
CCL Products stock price is trading above its key short-, medium-, and long-term moving averages, with all averages positively aligned and sloping upward, reinforcing a robust trend structure.
CCL Products RSI is positioned in the upper bullish zone, reflecting strong momentum while remaining within sustainable levels for trending markets.
Geojit said that CCL Products shares offer a favourable risk–reward aligned with the prevailing bullish trend.
Stock To Buy: CCL Products Share Price Target
CCL Products was founded in 1994. CCL Products is a leading global coffee manufacturer and exporter with operations across India. CCL Products has presence in over 100 countries.
CCL Products' diversified product portfolio includes spray-dried and freeze-dried coffee, liquid concentrates, roast and ground coffee, coffee beans, and premixed blends.
CCL Products' international footprint is supported by key subsidiaries, including Jayanti Pte (Singapore), Continental Coffee SA (Switzerland), Ngon Coffee (Vietnam), Continental Coffee (India), and CCL Food & Beverages (India).
