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Analysts expect the bigger players will continue to buy up smaller companies and consolidate to protect and gain market share on expectations of robust demand.

Cement industry ‘under construction’ as leader protects market amid high M&amp;A activity

ICICI Securities is bullish on ACC recommended buy rating on the stock with a target price of Rs 2451 in its research report dated October 27, 2023.

Buy ACC; target of Rs 2451: ICICI Securities

Motilal Oswal recommended Neutral rating on ACC with a target price of Rs 2150 in its research report dated October 26, 2023.

Neutral ACC; target of Rs 2150 : Motilal Oswal

ACC Standalone September 2023 Net Sales at Rs 4,434.67 crore, up 11.22% Y-o-Y

ACC Consolidated September 2023 Net Sales at Rs 4,434.73 crore, up 11.22% Y-o-Y

The profit was driven by a significant decrease in power and fuel expenses.

ACC Q2 net profit swings back in black to Rs 388 crore

According to Axis Securities, volume is expected to increase by 18 percent year-on-year due to higher sales to Ambuja and the new Ametha facility

ACC Q2 preview: Net profit may jump 80%, volume and margin to be in focus

The facility will result in an overall cost saving of $300 million for the Adani Cement vertical, the Group said about one of the 10 biggest loans in Asia this year

Adani Group refinances $3.5 billion loan taken for ACC-Ambuja acquisition

In the short term, the Nifty50 index is likely to maintain its momentum. On the upside, it could potentially approach 20,000 mark. The support range is positioned at 19,700 - 19,750.

Hot Stocks | ACC, Asian Granito, Motilal Oswal Financial Services may yield up to 15% reward

The Ametha integrated cement plant has a clinker capacity of 3.3 million tonnes per annum (MTPA) and a cement capacity of 1 MTPA. This greenfield integrated project will help in lowest cost production of clinker and cement, which will enhance ACCs overall portfolio to 37 MTPA and aid in the overall improvement in profitability and market share of the company, said the firm.“Ametha plants strategic location in Madhya Pradesh offers a logistical advantage, which will enhance ACCs ability to cater to critical markets efficiently. This ESG compliant plant will exemplify ACCs commitment to environmental responsibility with 16.3 MW of WHRS capacity and up to 15% of AFR potential, exemplifying ACCs dedication to environmental stewardship,” the company stated in the press release. Ajay Kapur, CEO, cement business, said, This is a monumental achievement in our relentless pursuit of sustainable growth. This milestone harmoniously aligns with our growth strategy for the cement business, enabling us to meet evolving market demands while upholding our unwavering standards of quality.ACC is a part of Adani Cement and one of Indias leading producers of cement and ready-mix concrete. ACC has 16 cement manufacturing sites, over 85 concrete plants and a nationwide network of channel partners to serve its customers.The cement manufacturer reported 105.29% surge in net profit to Rs 466 crore in Q1 FY24 as compared with Rs 227.32 crore in Q1 FY23. Revenue from operations jumped 16.41% Rs 5,201 crore in Q1 FY24 as compared with Rs 4,468.42 crore posted in the same quarter last year.Shares of ACC were down 0.01% to Rs 2,062.50 on the BSE.

ACC starts commercial production of clinker in MP

ACC Ltd. engages in the manufacture and sale of various kinds of cements. It operates through the following segments: Cement and Ready Mix Concrete. The Cement segment is a clinker resulting from mixing at suitable rates, grinding and firing raw material such as limestone, clay, iron ore, fly ash, bauxite and certain amount of setting regulator are ground together and set after mixing with water and gains strength. The Ready Mix Concrete segment is concrete that is manufactured in a batch plant, according to a set engineered mix design. The company was founded on August 1, 1936 and is headquartered in Mumbai, India.

Watchers	200
52-Wk Low	1,592.35
52-Wk High	2,675.00

Market Cap	356.85B
Volume (M)	465,342.00
52-Wk High	2,675.00
52-Wk Low	1,592.35

ACC.NSE ACC Ltd

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