Sell ACC, target Rs 1,680: Kunal Bothra
Independent analyst Kunal Bothra has a sell call on ACC with a target price of Rs 1,680.
The current market price of ACC is Rs 1,749.05.
Time period given by the analyst is intraday when ACC price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 1,770.
ACC, incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 32,844.93 Crore) operating in Cement sector.
ACC key Products/Revenue Segments include Cement which contributed Rs 9841.80 Crore to Sales Value (88.20 per cent of Total Sales), Ready Mix Concrete which contributed Rs 1041.48 Crore to Sales Value (9.33 per cent of Total Sales), Other Operating Revenue which contributed Rs 195.08 Crore to Sales Value (1.74 per cent of Total Sales), Clinker which contributed Rs 39.99 Crore to Sales Value (0.35 per cent of Total Sales), Scrap which contributed Rs 26.85 Crore to Sales Value (0.24 per cent of Total Sales) and Other Services which contributed Rs 13.14 Crore to Sales Value (0.11 per cent of Total Sales)for the year ending 31-Dec-2016.
The company’s top management includes Mr.Arunkumar R Gandhi, Mr.Ashwin Dani, Mr.Christof Hassig, Mr.Eric Olsen, Mr.Farrokh K Kavarana, Mr.Martin Kriegner, Mr.N S Sekhsaria, Mr.Neeraj Akhoury, Mr.Shailesh Haribhakti, Mr.Sushil Kumar Roongta, Mr.Vijay Kumar Sharma, Mrs.Falguni Nayar.
Company has SRBC & Co LLP as its auditors.
As on 30-09-2017, the company has a total of 187,787,263 shares outstanding.
Let’s block ads! (Why?)
Via:: Economic Times – Stocks