Buy ACC, target price Rs 2855: HDFC 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: Oct 11, 2022, 10.54 AM IST

Promoters held 54.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 22.63 per cent, DIIs 10.15 per cent.

HDFC Securities has buy call on ACC with a target price of Rs 2855. The current market price of ACC Ltd. is Rs 2348.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 43896.21 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 30-06-2022, the company reported a Consolidated Total Income of Rs 4522.28 Crore, up .83 % from last quarter Total Income of Rs 4485.01 Crore and up 15.06 % from last year same quarter Total Income of Rs 3930.49 Crore. Company reported net profit after tax of Rs 223.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 22.63 per cent, DIIs 10.15 per cent.

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