Moneycontrol Pro Ideas for Profit: Add CCL Products on declines for long-term

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Giving a few Ideas for profit from Moneycontrol Pro, Nandish U Shah of Moneycontrol.com spoke about a stock that he has been tracking closely, CCL Products.

Giving a few Ideas for profit from Moneycontrol Pro, Nandish U Shah of Moneycontrol.com spoke about a stock that he has been tracking closely, CCL Products.
CCL Products has been in the business of processing green coffee. It is currently one of the largest private green-label instant coffee manufacturers. The company management has guided for a volume growth of 10-15 percent in FY22.
The stock is now trading at a P/E multiple of 19 times based on FY23 earnings, as compared to an average mean P/E of 22 times for the last five years.
Investors can ambulate this stock at current levels and add on declines for the long-term.
Watch the accompanying video for more details.

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CompanyPriceChange%Loss
ONGC120.25 -4.85 -3.88
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NTPC113.55 -3.85 -3.28
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ONGC120.35 -4.65 -3.72
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Currency

CompanyPriceChng%Chng
Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee87.8770-0.4200-0.48
Pound-Rupee102.2970-0.9290-0.90
Rupee-100 Yen0.6699-0.0019-0.29