ACC

Ambuja, ACC report weak results

Ambuja, ACC report weak resultsCement giant Ambuja reported a marginal fall in net profit for the year ended December 2013, despite an impressive quarter-on-quarter increase in December quarter net profit.

Ambuja Cements announced that its net profit increased 49.31 per cent to Rs 316.50 crore in the October to December quarter of 2013, but net profit in the twelve months through December 31 slipped 0.19 per cent to Rs 1294.57 crore.

ACC's net profit rise 189.2% in first quarter

ACC's net profit rise 189.2% in first quarterCement major, ACC has recorded a whopping 189.2 per cent increase in its net profit during the first quarter of the year from January to March, 2013 compared to the same quarter of the previous year.

Nifty Above 6000; Indian Market Follows Global Cues

Nifty Above 6000; Indian Market Follows Global CuesIndian Stock Market followed global stock market trend and continued the upside movement. BSE Sensex was up by 50 points at 19763 and NSE Nifty was above 6000 with a gain of 15 points. US markets closed positive on January 2 with Dow Jones gaining 2.3%, Nasdaq up by 3% and S&P higher by 2.4 per cent.

Among major gainers in today's early trading session were Dr Reddys Labs, Cairn India, Ambuja Cements, BPCL, IDFC, Tata Steel, ACC and Bharti Airtel. Among major losers in today's session were Tata Power, Lupin, PNB and Maruti Suzuki.

JK Lakshmi Cement, Force Motors Declare Strong Q2 Results

JK Lakshmi Cement, Force Motors Declare Strong Q2 ResultsJK Lakshmi Cement reported strong performance during second quarter of current financial year. The stock was trading 5 per cent higher and touched 52-week high in today's trade. The company reported Q2 net profit at Rs 50 crore compared to Rs 6.5 crore during same quarter last year. Sales were higher at Rs 491 crore compared to Rs 354 crore. ACC and UltraTechCement were marginally higher while Ambuja Cements was trading lower.

Cement firms considering legal action against fine order

Cement firms considering legal action against fine orderSome the leading cement manufacturers in the country are considering approaching the Competition Appellate Tribunal against the order by the Competition Commission of India that imposed heavy fines on the firms for cartelization.

ACC and Ambuja Cements have stated that they will contest the order by taking their appeal to the Competition Appellate Tribunal. Meanwhile, Aditya Birla group's UltraTech Cement has said that it will look into the matter and take an appropriate action. UltraTech has been slapped with a fine of Rs 1,175 crore.

ACC Limited Buy Call at Rs 1120: StocksIdea.com

ACC Limited Buy Call at Rs 1120: Stocks IdeaACC Limited is India's foremost cement manufacturer with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. Among the first companies in India to include commitment to environment protection as a corporate objective, ACC has won accolades for environment friendly measures taken at its plants and mines, and has also been felicitated for its acts of good corporate citizenship. ACC is the most preferred cement brand name in India. ACC is now part of the worldwide Holcim Group.

ACC quarterly profit dips 10.86 percent

ACC quarterly profit dips 10.86 percentMumbai, April 26 : Cement major ACC Ltd Tuesday reported a 10.86 percent decline in its net profit for the quarter ended March 31, which stood at Rs. 350.17 crore as against Rs. 392.9 crore for the corresponding period of last year, mainly due to increased input and transportation costs.

"While the company's operations benefited from better volumes, realisations remained challenged by steep escalations in input costs," the company said in a regulatory filing.

Buy ACC With Target Of Rs 1045

Buy ACC With Target Of Rs 1045Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on ACC Limited stock to achieve a target of Rs 1045.

The analyst said that the stock can be purchased with a stop loss of Rs 1010.

The stock of the company, on March 22, closed at Rs 1023.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1133.45 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 59.68 and 17.41 respectively.

ACC Result Review by PINC Research

ACC Result Review by PINC ResearchACC's Q4CY10 operating results were significantly below our estimates with a margin of 16.3% as against our estimate of 23%. Although volumes picked up during the quarter, up 18.5% sequentially, realisations continued to suffer declining 2.5% YoY. This alongwith increase in employee expenses led to an 857bps YoY contraction in margins. A tax write back of Rs820mn helped the company post a net profit of Rs2.6bn.

Intraday By Call For ACC

Intraday By Call For ACCTechnical analyst A Simi Bhaumik has maintained 'buy' rating on ACC Limited stock with an intra-day target of Rs 1090.

The analyst said that the stock can be purchased with a stop loss of Rs 1048.

The stock of the company, o December 15, closed at Rs 1065.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1133.45 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 60.98 and 17.48 respectively.

Hold ACC With Stop Loss Of Rs 950

Hold ACC With Stop Loss Of Rs 950Technical analyst Rahul Mohinder has maintained 'hold' rating on ACC Limited with a trailing stop loss of Rs 950.

Mr. Mohinder said that the stock will show good upmove on crossing its resistance of Rs 1030.

Today, the stock of the company opened at Rs 1354on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1381.40 and a low of Rs 668.70 on BSE.

Current EPS & P/E ratio stood at 44.89 and 29.55 respectively.

Cement biggies slither on unsatisfactory Q3

Cement biggies slither on unsatisfactory Q3 ACC stroke an intraday far above the ground of Rs 986.95 and an intraday near to the ground of Rs 968.75.

At 10:18 hrs the share was citing at Rs 977.30, downward at Rs 5.3, or 0.54%. The group has declared its third quarter outcome.

The groups Q3 combined net profit was downward by 79% at Rs 86.3 crore in opposition to Rs 415 crore. Its combined net sales were downward by 15.31% at Rs 1,759 crore in opposition to Rs 2,077 crore.

Buy ACC With Target Of Rs 865

Buy ACC With Target Of Rs 865Stock market analyst Rajesh Satpute has maintained 'buy' rating on ACC Ltd stock to achieve a target of Rs 865.

According to analyst, the interested investors can buy the stock with stop loss of Rs 815.

The analyst said that the said target can be achieved in 2-3 days.

Today, the stock of the company opened at Rs 837.95 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 78.87 and 10.63 respectively.

The share price has seen a 52-week high of Rs 1017 and a low of Rs 700 on BSE.

Buy ACC With Stop Loss Of Rs 795

Buy ACC With Stop Loss Of Rs 795Stock market analyst JK Doshi is of the view that investors can buy ACC Ltd stock with 4-day target of Rs 840

According to analyst, the interested investors can buy the stock stop loss of Rs 795.

Today, the shares of the bank opened at Rs 827 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1017 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 78.87 and 10.45 respectively.

ACC Ltd has declared the Unaudited financial results for the three month period ended June 30, 2010.

ACC Q1 Net Falls To Rs 392.88 Crore

ACC Q1 Net Falls To Rs 392.88 Crore Cement giant ACC announced a fall in its net profits for the three month period ended March 31, 2010.

The company attributed the decline in its quarterly income to non-availability of railway wagons.

For the first quarter, ACC's net profit declined 1.6% to Rs 392.88 crore as against the same period of the last year.

The company's quarterly sales dropped 2.6% to 5.58 million tonnes.

ACC inaugurates 16th cement plant

ACC inaugurates 16th cement plantBangalore, Jan 4 : Cement major ACC Monday inaugurated a 1.2-million tonne factory at Kudithini village in Karnataka, its 16th in the country, on an investment of Rs. 370 crore.

With the new plant, the company's total annual capacity has gone up to 26 million tonnes. It has also consolidated ACC's position as India's largest cement producer.

Located 25 km from the district headquarters town of Bellary, the greenfield plant is the company's fourth in Karnataka.

ACC Ltd Intraday Buy Call

ACC Ltd Intraday Buy CallStock market analysts have maintained ‘buy’ rating on ACC Ltd with an intraday target of Rs 782.

According to them, interested traders can purchase the stock above RS 776 with a strict stop loss of Rs 768.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 790.

Shares of the company, on Friday (Nov 20), closed at Rs 966.45 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 920 and a low of Rs 383.20 on BSE.

Current EPS & P/E ratio of the stock stood at 86.65 & 8.96 respectively.

ACC to invest Rs 1,400 crore for expansion next year

ACC to invest Rs 1,400 crore for expansion next yearACC, India's largest cement maker, has informed that it has decided to make an investment of Rs 1,400 crore next year.

The sources said that through the proposed investment, the company will expand its production capacity to 30 million tonnes by fiscal 2010-end and would raise Rs 300 crore to retire some of its long-term debt.

The authorities of ACC stated in a communiqué that the company has planned capital expenditure of Rs 1,600 crore in fiscal 2009.

Buy ACC To Achieve Short-Term Target Of Rs 840: Nirmal Bang

ACC reports rise in first quarter net profit and total income In its latest research report, Nirmal Bang, an equity research firm said that ACC, which has been consolidating between Rs 795-815 level, can give good returns in the short term.

The report further stated that, if the counter is successful to breach Rs 815 levels, then it will hit a target of Rs 840.

Nirmal Bang has advised investors to hold the stock of the company as it is showing signs of revival, which gives an evidence of a strong breakout.

Indian Stock Markets heading for a strong close

SensexIndian Stock markets were trading strong at 3.00 pm IST with NSE Nifty up by nearly 120 points at 4520. BSE Sensex was trading strong above 15,000 level with a gain of nearly 370 points.

Among major gainers were Reliance Infra, ACC, Maruti Suzuki, Sterlite and ITC. Reliance Infra was up by nearly 7.6% at 1174. ACC gained nearly 6.6% and the cement major announced positive results. Indian bank also announced decent growth in quarterly profits and the market sentiment was positive.

Maruti announced positive results and the stock was up by nearly 6.2%. The stock touched an intraday high of Rs 1295 till 3.00 pm.




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