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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.


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

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first published: Feb 17, 2021 02:12 pm

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