Neutral on ACC, target Rs 1300 : Goldman Sachs

Goldman Sachs has a neutral call on ACC Ltd. and raised the target from Rs 1270 to Rs 1300 .The current market price of ACC Ltd. is Rs 1482.3 Time period given by analyst is year when ACC Ltd. price can reach defined target.
Blended ASP of ACC rose 1% QoQ; Sale of premium products was up 27% YoY while volumes were lower despite presence in South/East India where DeMo impact was lower. Increase EPS by 3% to 5% on changes in EBITDA and higher other income. Believe ACC well positioned to benefit from attractive regional exposure. ACC's lack of capacity addition, focus on group restructuring are likely to cap volume growth