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According to brokerage firms, Ambuja Cements is set to deliver strong performance in subsequent quarters while ACC continued its consistency on the back of lower fixed costs leading to margin surprise. ....
ACC, Ambuja Cements: The average target price for ACC suggests a 15 per cent potential upside. Ambuja Cements’ target price, on the other hand, suggests a 3 per cent potential downside.
ACC reported 40 per cent decline in the consolidated net profit at Rs 236 crore for the quarter ended March 31, 2023. It reported consolidated net profit of Rs 396 crore in the year-ago period. ....