BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on ACC
ACC's Q1 margins and net profit were below estimates. The company clocked EBITDA/tonne of Rs 670 against our estimate of Rs 735. At the current market price the stock is trading at 18.5 times 2016 estimated EV/EBITDA.