Expert recommends BUY ACC with price target of Rs 2100, stop-loss Rs 1850
Rohit Singre, Senior Technical Research Analyst at LKP Securities said that ACC has witnessed multi year breakout on monthly chart along, ACC has given breakout from ascending channel, the stock should be bought with stop-loss below 1850 and price target of Rs 2100.
ACC is a leading player in Indian building materials space with a pan-India operating and marketing presence. It has 17 cement plants, 80 RMC (ready mixed concrete) plants, and a wide distribution network of 56,000 channel partners. Source: PTI