Add ACC, target price Rs 2933: ICICI Securities

economictimes.indiatimes.com:

ACC with a target price of Rs 2933. The current market price of ACC Ltd. is Rs 2438.4. ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 45896.15 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 30-06-2024, the company has reported a Consolidated Total Income of Rs 5226.61 Crore, down -5.46 % from last quarter Total Income of Rs 5528.45 Crore and down -.97 % from last year same quarter Total Income of Rs 5278.02 Crore. Company has reported net profit after tax of Rs 360.46 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 56.69 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.64 per cent, DIIs 24.73 per cent.