CLSA maintains an Outperform rating on ACC with a target price of ₹2,580 per share, citing a mix of near-term and long-term drivers.
Key highlights from CLSA’s assessment:
- Q3 Performance: ACC’s third-quarter results were below expectations. However, exceptional items boosted earnings, including the reversal of provisions and an excise duty refund.
- Acquired Entities Contribution: CLSA noted that higher sales were observed from acquired entities, contributing positively to the company’s performance.
- Outlook: The brokerage continues to see potential for growth, with operational efficiencies and exceptional items playing a critical role in bolstering near-term earnings.
Disclaimer: This article is based on information provided by CLSA and is for informational purposes only. Business Upturn does not recommend buying, selling, or holding any stock. Please consult a financial advisor before making investment decisions.
