In the third quarter there is remotely a very good jump for the cement manufacturer and that is why we can see ACC share price added by 2 per cent on October 20.
The company showed up to 20 per cent year on year profit after the September quarter. The numbers of profit are big as compared to the previous financial year and ACC follows the financial year as January- December.
Because of the lockdown situation there were problems but they are holding it right and making a good profit also.
Some brokerages have to say on stock:
This is the third sequential quarter of solid execution by ACC, upheld by continued cost decrease and better acknowledge. Be that as it may, irregularity has been an issue with ACC.
In spite of the fact that seeing the significant decrease in energy utilization, defence of fixed expenses and expanded supplies under Master Supply Agreement (MSA) with Ambuja, the broking house anticipates that EBITDA edges should support at Rs 850/t, the most elevated since CY10.
The organization announced a sharp rise in Q3CY20 ‘buys’. The cost-proficiency stays a subject and makes the organization an energizing story, CNBC-TV18 detailed the exploration firm as saying.
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