ACC key beneficiary of a strong recovery in cement prices, says CLSA
Updated : April 24, 2019 08:34 AM IST
CLSA has retained a "buy" rating on ACC Ltd with a target price of Rs 2,000 per share, saying the company was a key beneficiary of a strong recovery in cement pricing
In its research report, the brokerage firm said, “Recent price hike brought back the excitement in cement stocks, but ACC is the first company that failed to impress in its Q1CY19 results."
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