New Delhi, Aug. 17 -- Domestic brokerage firm Axis Direct, in its latest note, projects the bull run in CCL Products to continue, setting a target price of Rs.1,245, implying a 10% upside from the stock's latest closing price.

The brokerage's optimistic view comes on the heels of better-than-expected performance in the June quarter, a strengthening balance sheet, stable coffee prices, and capacity ramp-up, which it believes will help CCL Products deliver robust volume growth over the next 3-4 years.

CCL Products delivered a strong Q1 FY27 performance, with revenue growing 13.7% YoY, driven by robust 20% volume growth and healthy demand across segments.

Axis Direct noted that the Continental brand continues to gain market share, support...