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IIFL picks 13 lucky must-have stocks in 2013

Thu, Jan 03, 2013 at 12:04

| Source: Moneycontrol.com
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ACC

Current Market Price (CMP): Rs 1,432

18-month Target: Rs 1,755

Upside: 22.6%

 

Rationale: Despite a strong balance sheet, ACC trades at a 20% discount compared to its peers like Ultratech on EV/ton basis. Return ratios, which were on a declining mode, are expected to improve in CY13 and CY14. Debt/equity continues to remain low as most of the recent expansion has been funded through internal accruals.

 

Key risks
=>Fall in cement prices,
=>Government interference in the form of price caps, hike in duties etc and
=>Drought like situation leading to subdued demand.

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