Dolat Capital Market has given Buy recommendation for ACC with a target price of Rs. 2140 in its research report issued on Mar 12, 2021
Dolat Capital Market’s research report on ACC
ACC in its CY20 annual report, highlights their core focus on health, cost and cash. ACC helped people and provided relief to covid affected people, saved ~Rs2.5 bn from Parvat efficiency program and witnessed significant improvement in cash. ACC operated under challenging circumstances for the entire CY20 and they believe the worst is behind and the business is gaining momentum. ACC will continue to deliver despite the headwinds.
However, starting early June, pent-up and pre-monsoon construction requirement cushioned demand de-growth to a large extent.