Buy ACC, target price Rs 2615: Axis Securities

ACC Ltd. key Products/Revenue Segments include Cement, Ready Mix Concrete, Other Operating Revenue, Scrap for the year ending 31-Dec-2021.

By ETMarkets.com | Updated: Jan 08, 2024, 09.02 AM IST

Promoters held 56.69 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.1 per cent, DIIs 22.69 per cent.

Axis Securities has buy call on ACC with a target price of Rs 2615. The current market price of ACC Ltd. is Rs 2377.35.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 44645.48 Crore) operating in Cement sector.

ACC Ltd. key Products/Revenue Segments include Cement, Ready Mix Concrete, Other Operating Revenue, Scrap for the year ending 31-Dec-2021.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4644.78 Crore, down -12.00 % from last quarter Total Income of Rs 5278.02 Crore and up 14.49 % from last year same quarter Total Income of Rs 4057.08 Crore. Company reported net profit after tax of Rs 386.15 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.69 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.1 per cent, DIIs 22.69 per cent.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!