Latest Updates on ACC Ltd
ACC Ltd is again on limelight as company is mulling over a possible merger between Ambuja Cements . Acc is the world larger cement producer and if this merger happens then it will benefit both the shareholders, company said in its statement on 05th May 2017. The company said its board will decide "on a merger based on the recommendation of the special committee and the audit committee". After this news both company share price are on rise and market analysis are expecting further rise from current levels. In coming days Acc stock price target is around 1750 said by independent research analyst on CNBC TV18.
ACC Ltd share is up by 2.81% NSE on 08th February 2017, stock closed at Rs. 1497.10, market is still positive on ACC- Ambuja merger news. Stock analysis and brokerage firms are bullish in ACC and suggesting a target of Rs. 1648 in coming days.
ACC Ltd share is up by 3.95% NSE on 06th February 2017, up by 56.25 and Acc share price closed 1480.15 on a news of possible merger between ACC and Ambuja cements (also up by +4.51%) which is on the cards since year 2013. So far their is no official confirmation.
ACC Ltd on 03rd February 2017 announced its Q4 number ending December 2016, their is net fall of 45% to 56.34cr from Rs.102.39 cr comparing with last year Q4 numbers. Market experts were expecting a profit of Rs.98 cr but ACC missed their target, as per company statement the main reason of poor profits was demonetisation and expecting good profits in next quarter result.