ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 35861.73 Crore) operating in Cement sector.
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4208.75 Crore, up 17.47 % from last quarter Total Income of Rs 3582.82 Crore and up 2.21 % from last year same quarter Total Income of Rs 4117.85 Crore. Company reported net profit after tax of Rs 468.55 Crore in latest quarter.
ACC has been finding it tough to sustain above its long term mean+2*sigma levels. Currently these levels are placed near Rs 1850, which has been acting as a hurdle for the stock. Now, after moving above it, the brokerage expects the upside momentum to take it towards its 3*sigma levels, which are placed near Rs 2200.
Promoters held 54.5 per cent stake in the company as of Dec 31, 2020, while FIIs held 11.7 per cent, DIIs 20.5 per cent and public and others 13.2 per cent.