Buy ACC, target price Rs 3300: Motilal Oswal
ACC Ltd. with a target price of Rs 3300. The current market price of ACC Ltd. is Rs 2707.4.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 50678.15 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 31-03-2024, the company reported a Consolidated Total Income of Rs 5528.45 Crore, up 10.56 % from last quarter Total Income of Rs 5000.51 Crore and up 12.59 % from last year same quarter Total Income of Rs 4910.06 Crore. Company reported net profit after tax of Rs 944.14 Crore in latest quarter.
Promoter/FII Holdings Promoters held 56.69 per cent stake in the company as of 31-Mar-2024, while FIIs owned 6.17 per cent, DIIs 24.55 per cent.
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