29-06-2025
ACC Limited (ACC): New Sell Recommendation for This Basic Materials Giant
Kotak Mahindra analyst Sumangal Nevatia maintained a Sell rating on ACC Limited (ACC – Research Report) on June 27 and set a price target of INR2,000.00. The company's shares closed last Friday at INR1,920.20.
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Nevatia covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd.. According to TipRanks, Nevatia has an average return of 1.3% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ACC Limited with a INR2,226.89 average price target.
Based on ACC Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR59.92 billion and a net profit of INR7.51 billion. In comparison, last year the company earned a revenue of INR54.09 billion and had a net profit of INR9.45 billion
