Buy ACC; target of Rs 1805: Motilal Oswal

Motilal Oswal is bullish on ACC recommended buy rating on the stock with a target price of Rs 1805 in its research report dated October 19, 2020.

Broker Research

October 20, 2020 / 16:58 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Motilal Oswal 's research report on ACC

ACC’s 3QCY20 result highlights the strong rebound in cement volumes and the benefits of fixed-cost reduction. EBITDA grew 21% YoY, with EBITDA/t of INR1,033/t – the highest reported in the last 10 years in the seasonally weak 3Q.

Outlook

We raise our CY20/CY21 EBITDA estimates by 5%/9% and introduce CY22 estimates. Reiterate Buy, with raised TP of INR1,805.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

first published: Oct 20, 2020 04:58 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347