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Thursday, February 7, 2013

ACC LIMITED Fourth Quarter Result Update, BUY ACC LIMITED

ACC LIMITED announced its Fourth Quarter (Oct-Dec) numbers today 07th February, 2013. Analyst estimated ACC's net profit to decline by 49% to Rs. 236 crore compared to last year net profit of Rs. 470 crore for the quarter ended 31st December.

The numbers which ACC LIMITED announced today met the Analysts Estimates. ACC LIMITED posted a net profit of Rs. 239 crores declining by 49% compared to the same quarter last year. The stock traded in a OK OK mood and closed at Rs. 1345.40 up 1.15% on Bombay Stock Exchange (BSE). The stock was up mainly because the profit of the company does not decline more than what was estimated by analysts. The stock has some more heat to go. Its expected that in near future earnings will improve from here after based on a report released by India Infoline Limited in its research.

We recommend a buy on ACC LIMITED with 7 to 9 month target of Rs. 1750. The stock is shariah compliant as last checked on 07th February, 2013 at 16.31 IST.

 Note : ACC LTD. is a Shariah Compliant stock also and hence those investors who are following shariah guidelines can also invest in this stock. Its Ethical to invest in this particular stock as of today 07th February, 2013. We will update if this stock is removed from the list of Shariah Compliant Companies.