ACC Cement Company Buy Call – Target Price Rs. 2380/-
HDFC Securities has placed a buy call on ACC Limited with a target price of Rs. 2380/- is. Currently the market price of this share is Rs. 2142.95/- is. A period of 1 year has been given to reach the expected price.
ACC Limited was established in the year 1936 and is a large cap company. Operating in the cement sector with a market capitalization of Rs. 39858.79/- Crore.
Product and revenue segment includes cement, ready mix concrete, other revenue, scrap. In the quarter ending March 2022, the company earned Rs. 4522.28/- crores total income has been received and in the quarter ending December this amount is Rs. 4485.01/- Crore.
Last year in this quarter this amount was Rs. 3930.49/- Crore. In the quarter ending March, the company reported a net profit of Rs. 223.00/- Crore.
ACC Cement has promoter holding 54.53%, FII 22.63%, DII 10.15%.
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