Buy ACC, target Rs 1760.0 : Kunal Bothra

Independent analyst Kunal Bothra has a buy call on ACC Ltd. with a target price of Rs 1760. The current market price of ACC Ltd. is Rs 1734.5. The time period given by analyst is Intra Day when ACC Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 1710.0 .

ACC Ltd., incorporated in the year 1936, is a largecap company having a market cap of ₹ 31586.76 crore operating in Cement sector.

ACC Ltd. key Products/Revenue Segments include Cement which contributed ₹ 9841.80 Cr to Sales Value (88.20 % of Total Sales), Ready Mix Concrete which contributed ₹ 1041.48 Cr to Sales Value (9.33 % of Total Sales), Other Operating Revenue which contributed ₹ 195.08 Cr to Sales Value (1.74 % of Total Sales), Clinker which contributed ₹ 39.99 Cr to Sales Value (0.35 % of Total Sales), Scrap which contributed ₹ 26.85 Cr to Sales Value (0.24 % of Total Sales) and Other Services which contributed ₹ 13.14 Cr to Sales Value (0.11 % of Total Sales)for the year ending 31-Dec-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 3099.66 Cr., up 17.65% from last quarter Sales of ₹ 2634.62 Cr. and up 7.90% from last year same quarter Sales of ₹ 2872.71 Cr. Company has reported net profit after tax of ₹ 209.00 Cr. in latest quarter. The company’s CEO is Mr.Neeraj Akhoury. It's Board of Directors include Mr.Surendra Mehta, Mr.Arunkumar R Gandhi, Mr.Ashwin Dani, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Farrokh K Kavarana, Mr.Martin Kriegner, Mr.N S Sekhsaria, Mr.Neeraj Akhoury, Mr.Shailesh Haribhakti, Mr.Sushil Kumar Roongta, Mr.Vijay Kumar Sharma, Mrs.Falguni Nayar, Mr.Behram Sherdiwala, Mr.Jayanta Datta Gupta, Mr.Philip Mathew, Mr.Sunil K Nayak, Mr.Surendra Mehta. Company has its registered office at Cement House,, 121, Maharshi Karve Road, Mumbai, 400020, Maharashtra. Company has SRBC & Co LLP as its auditors. As on 31-03-2017, the company has a total of 187,787,263 shares outstanding.