BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on ACC
Religare reduces target price on ACC to Rs 1,400 from Rs 1,450 earlier. ACC's EBITDA/tonne at Rs 469 came in slightly above expectation on lower raw material and employee cost, but remained weakest among large-cap peers. Cut calendar year 2015,2016 and 2017 estimates on expectation of continued underperformance at the operating level.