Buy CCL Products , says Rajesh Agarwal of Eastern Financiers.
Agarwal told CNBC-TV18, "One can buy CCL Products with intraday target of Rs 190 and stop loss of Rs 154. This company is into coffee production, it produces different varieties of coffee. Have its plants in Guntur district of Andhra Pradesh and a combined capacity of 20,000 metric tones per annum."
He further added, "Last quarter numbers were pretty good. Topline increased by around 70% and operating profit increased by 24%. Although bottomline was flat due to higher provisioning of tax and other expenses. But we believe that going forward this company can post good results. On valuation parameters also it is trading at a discount to its peers."
