A thin volume of 2,189 shares was traded on the BSE.

The scrip has been on the rise since the last few trading sessions. From Rs 445 on 28 September, it rose to Rs 472.55 on 4 October 2006. Earlier, it slipped from a recent high of Rs 484.55 on 7 September, to Rs 445 on 28 September 2006.

Earlier, the counter witnessed a solid surge from the close of Rs 188.45 on 30 June 2005 to Rs 354.70 yesterday. This materialized as a result of firm commodity prices and due to the company’s expansion of varied coffee products and strong June quarterly results. The counter has surged 77% in the last one month.

At the current market rate of Rs 480, CCL Product trades at 13.27 times its Q2 September annualized EPS of Rs 36.15.

CCL Products on Wednesday reported strong Q2 September 2006 results. The consolidated net profit rose 45.5% to Rs 12.49 crore (Rs 8.58 crore). Revenue rose 18%, to Rs 86.47 crore (Rs 73.19 crore).

CCL Products, a company engaged in the coffee business, is in the midst of major expansion plans (as per reports).

The company had recently expanded its spray-dried capacity to 6,000 tpa and will further increase the capacity by at least 1,000 tpa every year to attain a size of 10,000 tpa, within the next four years. The total capital expenditure for the same is estimated at around Rs 25 crore. The company is also setting up a freeze-drying plant with capacity of 1,500-2,000 tpa, which is expected to go on stream by September and is producing freeze concentrated liquid coffee on a trial basis at its present facility and expects to commercialise the same by end of this fiscal.

Japan is the major market for this product and commands a huge premium (of almost $10/kg) over conventional freeze and spray-dried instant coffee.