{"id":103946,"date":"2023-06-09T16:20:00","date_gmt":"2023-06-09T10:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103946"},"modified":"2023-06-09T17:07:17","modified_gmt":"2023-06-09T11:37:17","slug":"stock-hits-52-week-high-after-an-asset-purchase-agreement-with-uk-based-group","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-52-week-high-after-an-asset-purchase-agreement-with-uk-based-group\/","title":{"rendered":"Stock hits 52-week high after an Asset-Purchase agreement with UK-based group\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1538365085\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Stocks of CCL Products Limited are currently trading at Rs 637, gaining around 0.60 percent compared to the previous closing levels of Rs 633.40. The scrip hit its 52-week high today at Rs 656.35. It has a market capitalization of Rs 8,467 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1107917378\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In a recent filing with the exchange yesterday, the company intimated about an \u2018Asset-Purchase agreement\u2019 with Food Brands Group, a subsidiary of Lofbergs Group.&nbsp;<\/p><p>The agreement is with respect to an acquisition of a total of 6 brands of the subsidiary company namely \u2018Plantation Wharf\u2019, \u2018Percol\u2019, \u2018Rocket Fuel\u2019, \u2018The London Blend\u2019, \u2018Percol Fusion\u2019, and \u2018Perk Up\u2019. The consideration decided between the parties pertaining to the acquisition is \u00a3 550,000.&nbsp;<\/p><p>The mentioned strategy gives the company a boost to expand its manufacturing and distribution on a global level. The acquisition move will enable CCL to have access to the major supermarkets in the United Kingdom (UK) which is usually said to be Europe\u2019s largest instant coffee market.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3275047276\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cPercol is an exciting venture and a brand with undoubted favourable heritage. In close cooperation with our UK sales &amp; marketing partner, we will innovate, introduce new products and focus on B2C and B2B marketing to realise value for our shareholders, employees, partners &amp; clients\u201d, CCL CEO Mr. Praveen Jaipuriar commented on the acquisition.&nbsp;<\/p><p>The company\u2019s latest financial numbers portray a consistent increase in the operating revenues with the most recent movement being from Rs 1,462 crores during FY21-22 to Rs 2,071 crores in FY22-23.&nbsp;<\/p><p>Moreover, the net profit figures, too, have shown decent growth in numbers and, the recent movement shows an up trend from Rs 204 crores during FY21-22 to Rs 268 crores in FY22-23.&nbsp;<\/p><p>CCL Products Limited is engaged in the business of manufacturing and marketing a wide range of processed coffee internationally. The company\u2019s product portfolio includes spray-dried coffee powder, freeze-dried coffee, roast &amp; ground coffee, etc. The majority of revenue is generated from India, Switzerland, Singapore, and Vietnam.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1172576913\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Stocks of CCL Products Limited are currently trading at Rs 637, gaining around 0.60 percent compared to the previous closing levels of Rs 633.40. The scrip hit its 52-week high today at Rs 656.35. It has a market capitalization of Rs 8,467 crores.&nbsp; In a recent filing with the exchange yesterday, the company intimated about [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock hits 52-week high after an Asset-Purchase agreement with UK-based group\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Stocks of CCL Products Limited are currently trading at Rs 637, gaining around 0.60 percent compared to the previous closing levels of Rs 633.40. The scrip hit its 52-week high today at Rs 656.35. It has a market capitalization of Rs 8,467 crores.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stock-hits-52-week-high-after-an-asset-purchase-agreement-with-uk-based-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock hits 52-week high after an Asset-Purchase agreement with UK-based group\u00a0\" \/>\n<meta property=\"og:description\" content=\"Stocks of CCL Products Limited are currently trading at Rs 637, gaining around 0.60 percent compared to the previous closing levels of Rs 633.40. The scrip hit its 52-week high today at Rs 656.35. 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