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Buy ACC; target of Rs 1985: HDFC Securities

HDFC Securities is bullish on ACC has recommended buy rating on the stock with a target price of Rs 1985 in its research report dated February 13, 2021.

February 17, 2021 / 02:12 PM IST
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HDFC Securities' research report on ACC

During 4QCY20, strong pricing in south and stable opex drove ACC’s consolidated revenue/EBITDA/APAT by 2/30/65% YoY to INR 41.4/7.0/4.5 bn respectively. ACC commissioned its 1.4mn MT Sindri grinding unit in Jan’21 and expects to commission the greenfield plants (4.8mn MT) in central region by mid-2022, thus boosting its volume growth outlook.


We maintain BUY rating on the stock with a revised TP of INR 1,985/share (10x Dec’22 Consolidated EBITDA).

For all recommendations report, click here


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

Broker Research
first published: Feb 17, 2021 02:12 pm

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