Latest news with #ACCLimited
Business Insider
5 days ago
- Business
- Business Insider
New Buy Rating for ACC Limited (ACC), the Basic Materials Giant
In a report released on August 1, Prateek Kumar from Jefferies maintained a Buy rating on ACC Limited, with a price target of INR2,170.00. The company's shares closed last Friday at INR1,794.60. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Kumar is a 3-star analyst with an average return of 8.6% and a 65.38% success rate. Kumar covers the Basic Materials sector, focusing on stocks such as ACC Limited, Ambuja Cements Limited, and Dalmia Bharat Ltd.. In addition to Jefferies, ACC Limited also received a Buy from J.P. Morgan's Sanjay Mookim in a report issued on July 25. However, on July 24, Morgan Stanley maintained a Sell rating on ACC Limited (NSE: ACC).
Mint
10-07-2025
- Business
- Mint
Stocks to watch: TCS, RailTel, Emcure Pharma, LIC among shares in focus today amid Trump's tariff news
Indian IT giant Tata Consultancy Services is set to release its Q1 earnings today, with expectations of a 1–3% increase in net profit. The company said that its subsidiary, ACC Limited, has successfully started operations at a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri facility in Jharkhand. The government-backed firm has bagged a ₹ 17.47 crore contract from the Chhattisgarh government, making it its third significant deal this month. The Indian government has given the green light for an Offer for Sale (OFS) in LIC as part of its disinvestment strategy for the financial year 2025–26. The company, acting as the lead partner in a joint venture with AltoraPro Infrastructure, has secured a ₹ 395 crore project awarded by the Maharashtra Industrial Development Corporation (MIDC). The pharmaceutical company announced that the US FDA has successfully completed a pre-approval inspection of its oncology facility in Sanand, Ahmedabad, without issuing any Form 483, indicating full compliance with regulatory standards. The telecom company has established a new wholly-owned step-down subsidiary named Airtel Money Limited. Indosolar Limited, a subsidiary of the company, has initiated an Offer for Sale (OFS) of up to 10 lakh equity shares, which accounts for 2.4% of its total paid-up share capital. The Inter-Ministerial Group is expected to examine the share purchase agreement (SPA) for IDBI Bank, after which it will be forwarded to the Core Group of Secretaries and the Ministerial panel for final approval. The company has given the go-ahead to raise up to ₹ 125 crore by issuing non-convertible debentures (NCDs) via private placement. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
09-07-2025
- Business
- Business Upturn
ACC commissions 1.5 MTPA brownfield grinding unit at Sindri, Jharkhand
By Aditya Bhagchandani Published on July 9, 2025, 17:32 IST ACC Limited announced on July 9, 2025, that it has successfully commissioned a 1.5 million tonne per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand. In a regulatory filing to the stock exchanges under Regulation 30 of SEBI (LODR) Regulations, the company described the project as a significant milestone in its journey of growth and excellence. The newly commissioned facility is expected to strengthen ACC's production capacity in eastern India and enhance its ability to serve growing regional demand more efficiently. Disclaimer: The information provided in this article is for informational purposes only and is based on disclosures filed by the company with stock exchanges. It does not constitute investment advice or a recommendation to buy, sell, or hold any securities. Readers are advised to consult their financial advisors and conduct their own research before making any investment decisions. Neither the author nor the publisher is responsible for any losses arising from reliance on this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Insider
29-06-2025
- Business
- Business Insider
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. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. 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
Time of India
03-06-2025
- Business
- Time of India
Letter to comfort, incentives issued to investors in state
Lucknow: The state cabinet on Tuesday approved a proposal to issue a letter of comfort to Haldiram's, the packaged snacks company willing to invest Rs 662 crore. In addition to this, the cabinet approved granting an incentive of Rs 104 crore to five companies. Sharing details, industries and infrastructure development minister Nand Gopal Gupta Nandi said, "The letter of comfort and incentives were extended under the Uttar Pradesh Industrial Investment and Employment Promotion Policy." Departmental officials said that Haldiram's applied for the letter of comfort for their new unit in Gautam Buddha Nagar, aimed at producing frozen ready-to-eat food products, along with ecosystem, employment, and export boosters, as well as a capital subsidy option. Sharing details on incentives, they said that in Barabanki district, SLMG Beverages Private Limited, which produces carbonated soft drinks and juices, will receive an incentive of Rs 38.73 crore, while Silverton Pulp and Papers Private Limited in Muzaffarnagar will receive Rs 1.89 crore as an incentive. The cabinet also approved an incentive of Rs 17.28 crore for ACC Limited's cement unit in Amethi district, even as Wonder Cement, which has a cement unit in Aligarh, will receive Rs 38.32 crore. Moon Beverages, which also has a carbonated soft drink and drinking water unit in Hapur, will receive Rs 8.68 crore. The cabinet also approved a proposal for the settlement of the LOC for ACC Limited Sonbhadra.
