The board fixed August 22, 2023 as the record date for payment of the final dividend of Rs 2 per equity share. They also approved the CCL Employees Stock Option Scheme 2022 and decided to establish a green field spray-dried instant coffee manufacturing facility.

The company stands as the exclusive supplier to renowned pump manufacturers worldwide, including KLB, Sundyne, Sulzer, KE, and numerous others.

The stock has witnessed significant buying activity as it has surged more than 54 per cent in the last one year.

According to the quarterly consolidated results, the net sales increased by 18.09 per cent, the operating profit increased by 59.02 per cent and the net profit skyrocketed by 70.46 per cent in Q4FY23 over Q4FY2. According to the annual consolidated results, the net sales increased by 5.42 per cent, the operating profit increased by 16.78 per cent and the net profit skyrocketed by 25.06 per cent in FY23 over FY22.

The stock has witnessed significant buying activity as it has given multibagger returns of more than 160 per cent in just 3 years

. Moreover, today's trading volumes are more than 20 times greater than the stock's 20-day average

According to the financials, the company reported excellent numbers in its quarterly results and annual results. The net sales increased by 173.84 per cent to Rs 178 crore and the net profit increased by 26.92 per cent to Rs 33 crore in Q4FY23 over Q4FY22. In FY23, net sales increased by 103.11 per cent to Rs 457 crore and net profit increased by 38.77 per cent to Rs 68 over FY22. The stock has a ROE of 29 per cent and a ROCE of 34.80 per cent.

A trusted real estate company with a strong presence in the Pune residential market and expanding reach in Mumbai and Bengaluru.

This strategic acquisition will strengthen its presence in key areas such as autonomous driving, e-mobility, and connectivity.

On Thursday, the Indian equity markets ended on a positive note