Buy ACC, target price Rs 2300: ICICI Securities

Buy ACC, target price Rs 2300: ICICI Securities
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Synopsis

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 37970.58 Crore) operating in Cement sector.

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Promoters held 54.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 11.7 per cent, DIIs 20.7 per cent and public and other 13.1 per cent.
ICICI Securities has buy call on with a target price of Rs 2300. The current market price of ACC Ltd. is Rs 2020.7. Time period given by analyst is one year when ACC Ltd. price can reach defined target.

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 37970.58 Crore) operating in Cement sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 4335.94 Crore, up 3.02 % from last quarter Total Income of Rs 4208.75 Crore and up 21.88 % from last year same quarter Total Income of Rs 3557.63 Crore. Company reported net profit after tax of Rs 558.13 Crore in latest quarter.

Did you Know?

Stock score of ACC Ltd moved up by 1 in 6 months.

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Promoter/FII Holdings
Promoters held 54.5 per cent stake in the company as of Dec 31, 2020, while FIIs held 11.7 per cent, DIIs 20.5 per cent and public and others 13.2 per cent.

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