Chandan Taparia of Motilal Oswal Securities has sell call on ACC with a target price of Rs 2100. The current market price of ACC Ltd. is Rs 2170. Time period given by analyst is Intra Day when ACC Ltd. price can reach defined target.
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 40959.22 Crore) operating in Cement sector.
ACC Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Scrap, Other Services for the year ending 31-Dec-2020.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 4279.64 Crore, up 12.26 % from last quarter Total Income of Rs 3812.31 Crore and up 1.68 % from last year same quarter Total Income of Rs 4208.75 Crore. Company reported net profit after tax of Rs 278.97 Crore in latest quarter.
Investment Rationale
Stock has been trending in a falling supply trendline and inching towards previous support zones
Promoter/FII Holdings
Promoters held 54.53 per cent stake in the company as of 31-Dec-2021, while FIIs owned 23.22 per cent, DIIs 9.79 per cent.
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