Buy ACC, target Rs 1,650: Manas Jaiswal
Buy ACC Ltd. at a price target of Rs 1650.0 and a stoploss at Rs 1575 from entry point.
ACC Ltd. key Products/Revenue Segments include Cement which contributed Rs 12692.83 Crore to Sales Value (89.38 % of Total Sales), Ready Mix Concrete which contributed Rs 1153.71 Crore to Sales Value (8.12 % of Total Sales), Other Operating Revenue which contributed Rs 324.39 Crore to Sales Value (2.28 % of Total Sales) and Scrap which contributed Rs 29.26 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Dec-2017.
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 3788.62 Crore, up 12.62 % from last quarter Sales of Rs 3363.96 Crore and up 10.87 % from last year same quarter Sales of Rs 3417.14 Crore Company has reported net profit after tax of Rs 729.40 Crore in latest quarter. The company’s top management includes Mr.Arunkumar R Gandhi, Mr.Ashwin Dani, Mr.Christof Hassig, Mr.Farrokh K Kavarana, Mr.Jan Jenisch, Mr.Martin Kriegner, Mr.N S Sekhsaria, Mr.Neeraj Akhoury, Mr.Shailesh Haribhakti, Mr.Sushil Kumar Roongta, Mr.Vijay Kumar Sharma, Ms.Falguni Nayar. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 187,787,263 shares outstanding.