Is it good to buy ACC?
Is it good to buy ACC?
ACC is still a bargain right now. According to my valuation, the intrinsic value for the stock is ₹2924.53, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
Is ACC large cap?
ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 40355.48 Crore) operating in Cement sector.
Will ACC stock go up?
Based on our forecasts, a long-term increase is expected, the “ACC” stock price prognosis for 2027-06-21 is 4117.270 INR. With a 5-year investment, the revenue is expected to be around +94.79%. Your current $100 investment may be up to $194.79 in 2027.
Earnings before interest tax depreciation and amortization (EBITDA) too fell 33% from the previous year. However, the surge in share price can be attributed to the long-term expectations from the stock of improving its ratios and margins.
Why cement stocks are falling?
Input costs have remained elevated for the past few months and cement companies haven’t been able to pass on the cost increase. Besides this, aggregate free cash flow generation has declined due to working capital blockage and an increase in capex during the financial year 2022.
How do I buy ACC stock?
Shares of ACC can be purchased through any online brokerage account.
What is the net worth of ACC cement?
RETURN ON ASSETS
| BalanceSheet – ACC Ltd. | ||
|---|---|---|
| Rs (in Crores) | ||
| Share Capital | 187.99 | 187.99 |
| Reserves & Surplus | 14040.44 | 10339.67 |
| Net Worth | 14228.43 | 10527.66 |
| Date | Stock | Target |
|---|---|---|
| 30 Mar 2022 | ACC Ltd. | 2470.00 |
| 17 Feb 2022 | ACC Ltd. | 2415.00 |
| 15 Feb 2022 | ACC Ltd. | 2760.00 |
| 15 Feb 2022 | ACC Ltd. | 2620.00 |
What is the target for ACC?
ICICI Securities has buy call on ACC with a target price of Rs 2615. The current market price of ACC Ltd. is Rs 2111.55. Time period given by analyst is one year when ACC Ltd.
AxisBank targets for this month are 719.46, 781.13 on the upside, and 650.94, 596.12 on the downside.
What is the full form of ACC No?
ACC limited formerly known as the Associated Cement Companies (ACC). It is the foremost manufacturer of cement and ready-mixed concrete in India.
Which is the best cement stock?
So without further ado, let’s try to understand these stocks in detail.
- UltraTech Cement Ltd. – Best Concrete Stock in India.
- Shree Cement Ltd. – Cement Stocks in India.
- Ambuja Cements Ltd. …
- ACC Ltd. …
- JK Cement Ltd. …
- Dalmia Bharat (Amalg) Ltd. …
- The Ramco Cements – Top Cement Stocks to Buy.
- Nuvoco Vistas Corp Ltd.
Will cement stocks go up?
Analysts at Motilal Oswal Financial Services expect cement stocks to underperform in the near-term, given the sustained increase in energy costs, near-term demand weakness, partial rollback of price hikes in May, thereby, weighing on company’s margin in first half of FY23.
Why cement price is increasing?
Reasons behind the price hike The cost pressures (higher fuel prices) lead to the price hike. Raw material prices are up 60 percent to 70 percent in the last one year. The buoyancy in cement price is expected to reduce the burden of rising raw material costs.
About Author
