Superstar Stocks 2022: Buy CCL Products (India) for target price of Rs 515 in one year, says Avinash Gorakshakar of ProfitMart

In conversation with Zee Business Managing Editor Anil Singhvi on the special Zee Business show '2022 ke Superstar', Avinash Gorakshakar, Director Research, ProfitMart Sec, picked a stock from the Coffee & Tea space.  

Recommending CCL Products (India) Limited as his 2022 pick, Gorakshakar said the stock holds value and has the potential to give good return in the New Year.  

"It is the India's largest instant coffee producing company. Globally, CCL Products (India) commands 10 per cent market share in its segment. The specialty of this company is that it makes around 200 blends of coffee. Globally, It also supplies its products to B2B customers of the European and the US markets," said Director Research, ProfitMart Sec.

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Gorakshakar said the company has also launched a B2C business in India recently, which has been performing really well in the last two years. "Going forward, the company also plans to launch its own brand," he said.  

As far as company's financials are concerned, it has generated a working profit of around Rs 300 on the revenue of about Rs 1,240 crore, he said. It also recorded a profit of Rs 180 crore against the revenue, said Avinash Gorakshakar.  

"One can buy this stock at current levels for a target of Rs 510-515," he added.  

After touching day's high of Rs 444.95 on Wednesday, the shares of this coffee company declined to trade flat at Rs 439.60 per share on the BSE.  

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2022 में कौन सा शेयर करेगा कमाल?

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2022 में कौन सा शेयर बनेगा सुपरस्टार?

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As per shareholding pattern of the company on Stock Edge,an app to analyse NSE and BSE data, promoters hold 46.19 per cent stake, FIIs 9.21 per cent and DIIs 17.73 per cent and Non-Institution 26.87 for the quarter ended September 20, 2021.  

Part of S&P BSE 500 index, the company was established in the year 1994. The company boasts of having a strong infrastructure and a global clientele base in over 90 countries.  

Zee Business through its special show '2022 ke Superstar' has been trying to help investors build a strong portfolio and make money in the process. These stocks are identified by market experts based on fundamentals and potential to generate a good return in the longer run. The theme has been formulated in the run-up to the New Year.