Buy ACC, target price Rs 2931: ICICI Securities
ACC with a target price of Rs 2931. The current market price of ACC Ltd. is Rs 2435. ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 46135.57 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 31-12-2023, the company reported a Consolidated Total Income of Rs 5000.51 Crore, up 7.66 % from last quarter Total Income of Rs 4644.78 Crore and up 9.24 % from last year same quarter Total Income of Rs 4577.64 Crore. Company reported net profit after tax of Rs 530.09 Crore in latest quarter.
Promoter/FII Holdings Promoters held 56.69 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.24 per cent, DIIs 24.05 per cent.
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