Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Oct 24, 2019 04:57 PM IST | Source: Moneycontrol.com

Buy Or Sell | Here's why ACC is a good buy

Pankaj Bobade, Head of Fundamental Research at Axis Securities, recommends a buy on ACC with a target of Rs 1,739.

ACC reported steady set of results for Q3 CY19. Despite being a weak quarter, the company reported a 1.6 percent decline in volume at 6.44 metric tonne. Realisations were up by 3.5 percent YoY aided by a 9 percent YoY growth in premium product volumes and price hike initiated in March 2019.

ACC reported a 3 percent YoY growth in net sales at Rs 3,528 crore.

Pankaj Bobade, Head of Fundamental Research at Axis Securities, recommends a buy on ACC with a target of Rs 1,739.

Close
Watch the video for more.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 24, 2019 04:57 pm
Loading...
Sections
Follow us on
Available On