ACC ( pick of the week) ******** positional stock
NSEsymbole = ACC
Face value=10
Book value = 674
target price =2800
holding time = 21 months
Stoploss=1700
promoter stake = 54.53%
ACC was formed in 1936 when ten existing cement
companies came together under one umbrella in a
historic merger. These companies belonged to four
prominent business groups - Tatas, Khataus, Killick Nixon
and F E Dinshaw groups.
Today, ACC Limited is a member of the LafargeHolcim
Group. ACC is one of India’s leading producers of cement
and ready-mix concrete. In 2005, ACC became part of the
Holcim Group of Switzerland. Subsequently, in 2015,
Holcim and Lafarge came together in a merger to form
LafargeHolcim – the global leader in building materials
and solutions. Ambuja Cements hold 50.05% stake, while
HOLDERIND INVESTMENTS LTD holds 4.48% stake in
the company, respectively.
It has over 6,600 employees, 17 cement manufacturing
sites, 80 concrete plants, 9 Captive power plants, and a nationwide network of over 56,000 channel
partners. It has an aggregate cement capacity of
33.05 mtpa. Ita world-class R&D center is
located in Mumbai. The company has 170
patents.
