Quotes with Resistance & Support
Market Information

Reduce ACC, target of Rs 456: IIFL

Posted on: March 27th, 2009 and is filed under Brokerage Recommendations.

IIFL has maintained its reduce rating on ACC with a price target of Rs 456 in its March 27, 2009 research report. “ACC’s balance sheet continues to be strong, with CY08 net cash at Rs 6.8 billion (as against Rs 7.1 billion in CY07). Return ratios, which started to decline in 2007, again dropped in 2008.

We expect the declining trend in return ratios to continue in 2009 and 2010, on a decline in profitability. ACC continues to be the most expensive stock in our cement universe on P/BV basis. We maintain our REDUCE rating on the stock with a target of Rs 456,” says IIFL’s research report.

Tags: , , , , , ,

Similar Posts:


+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments