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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on ACC
ACC's Q4 earnings were largely in-line with estimates on lower power and fuel costs, but remain weakest among large-cap peers. Religare cuts calendar year 2016 and 2017 earnings estimates for ACC to factor in lower realisations. Target price on the stock revised to Rs 1,300 from Rs 1,320 earlier.