Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksHold ACC; target of Rs 1473: Axis Direct

    Hold ACC; target of Rs 1473: Axis Direct

    Axis Direct recommended hold rating on ACC with a target price of Rs 1473 in its research report dated February 09, 2017.

    February 20, 2017 / 13:23 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Axis Direct's research report on ACC

      We maintain our Sell rating on the scrip, and have revised our TP to Rs 1,340 based on 24x March’19E EPS of Rs 55.7, with a downside of 51.2% from the CMP due to its rich valuations. We recommend a switch to Abbott India or Sanofi India.

      Outlook

      We maintain our CY17 EPS estimate of Rs 55 and target price at Rs 1,473 (3% upside from CMP of Rs 1,427) at 12x CY17E EV/EBITDA. However, given the run-up in the stock price, we downgrade it to HOLD rating. Despite lower operating EBITDA for the full year CY2016, ACC has maintained dividend of Rs 17/share.
      For all recommendations, 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.

      Read More Read More

      first published: Feb 20, 2017 01:23 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

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • 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