Sell ACC, price target Rs 1,400: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a sell call on ACC Ltd. with a target price of Rs 1400.0 . The current price of ACC Ltd. is Rs 1451.15 . Dharmesh Shah recommended to keep a stoploss at Rs 1488 .

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 27250.75 Crore) operating in Cement sector.

ACC Ltd. key Products/Revenue Segments include Cement which contributed Rs 12692.83 Crore to Sales Value (89.38 % of Total Sales), Ready Mix Concrete which contributed Rs 1153.71 Crore to Sales Value (8.12 % of Total Sales), Other Operating Revenue which contributed Rs 324.39 Crore to Sales Value (2.28 % of Total Sales) and Scrap which contributed Rs 29.26 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Dec-2017.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 3969.77 Crore, up 14.59 % from last quarter Sales of Rs 3464.43 Crore and up 4.78 % from last year same quarter Sales of Rs 3788.62 Crore Company has reported net profit after tax of Rs 268.40 Crore in latest quarter.

The company’s top management includes Mr.Arunkumar R Gandhi, Mr.Vijay Kumar Sharma, Mr.Sushil Kumar Roongta, Mr.Shailesh Haribhakti, Mr.Neeraj Akhoury, Mr.N S Sekhsaria, Mr.Martin Kriegner, Mr.Jan Jenisch, Mr.Farrokh K Kavarana, Mr.Christof Hassig, Mr.Ashwin Dani, Mrs.Falguni Nayar. Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 187,787,263 shares outstanding.