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ACC Cement News
ACC Share price: Nomura puts stock under spotlight - Here is what investors need to know
Thu, Dec 03, 2020
During Apr-Sep, cement demand was driven by the strong growth from rural India on the back of higher government spending. ACC’s management indicated that cement demand recovery has further accelerated in Oct-Nov with the pickup in demand from urban and infrastructure segments. While rural demand has normalized from the recent hyper growth phase, pent-up demand from urban areas and infrastructure projects are the key demand drivers now. ACC Management also noted that real estate inventory with large developers is reducing with the declines in prices, stamp duty benefits, etc. and developers are now completing unfinished projects.
India Cements Share Price: CLSA Highlights Improving outlook | ACC, Dalmia Bharat and Ultratech top picks
Wed, Nov 25, 2020
The demand outlook remains robust, with other pillars (infra and urban) picking up as rural demand normalises. Cost pressures (mainly power/fuel and freight) are rising but are likely to be partly offset by resilient prices. For FY21 CLSA expects a 7% YoY volume decline and a 14% YoY EBITDA/t increase for their coverage. ACC, Dalmia Bharat and Ultratech Cement are their top sector picks in cement space.
Buy or Sell: Stock market experts speak on DHFL, ACC Cement stocks
Mon, Jul 15, 2019
Stock market experts are of the opinion that DHFL is highly bearish and investors are advised not to take any position int he counter and square off position on any rally. ACC Cement is highly bullish and investors are advised to buy the counter, say experts.
Cement Market Outlook: A strong quarter in the offing may fuel these cement stocks, Emkay Global reports
Mon, Jun 24, 2019
A robust quarterly performance of the cement market would definitely have its positive impact on the cement counters like ACC, Ambuja Cement, Ultratech Cement, Ramco Cement, Shree Cement etc.
Cement demand likely to grow 8% in FY20: Report
Wed, May 01, 2019
The domestic cement demand is likely to grow by eight percent this fiscal which may push the capacity utilisation to 71 percent from 65 percent in FY18, the report said Wednesday.
ACC's net profit drop by 20% to Rs 261 crore in Q1FY17
Fri, Apr 21, 2017
The company's cement sales during Q1FY17 stood at 6.60 million tonne, a marginal rise from 6.36 million tonne in Q1FY16.