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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.

October 20, 2020 / 04:58 PM IST
 
 
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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

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first published: Oct 20, 2020 04:58 pm

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