Shares of CCL Products (India) Ltd climbed by 5% today to trade at ₹825, following a significant rally in Arabica coffee futures. The US Coffee C Futures (Mar 25) surged to a new record high of $344.95, gaining 3.46% in today’s session. This marks a milestone as coffee futures prices continue to rise, driven by global supply concerns and growing demand. The day’s trading range for coffee futures was $339.25 to $345.48, while the 52-week range has expanded from $173.10 to $345.48, reflecting a substantial uptick.
For CCL Products, the rising coffee futures provide a favorable backdrop. The stock has shown steady growth, with a 0.45% gain over the last five days, 14.95% in the past month, and a robust 25.34% rise year-to-date. Over the past year, the stock is up 23.78%, while its five-year performance stands out at 326.14%, underscoring its strong long-term trajectory.
The record highs in coffee futures are indicative of tightening supply and increasing demand in the coffee market, factors that could further benefit coffee manufacturers like CCL Products in the near term.
