ACC.NSE ACC Ltd

ACC Q4 results: Revenue from operations rose nearly 13% to Rs 5,398 crore

The competition heated up in the Indian cement industry after Adani's take over of Ambuja Cement and ACC Ltd., which placed Adani in direct competition with UltraTech. Analysts expect the war for market share to continue and may lead to price wars even as new capacities are added.

Traders should keep a close eye on key support (21,500) and resistance levels (22,000–22,100) and remain flexible in their trading strategies,

The acquisition is value accretive considering it will balance Adani Cement’s clinker facilities in north India, the company said in a BSE filing.