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ACC Result highlights along with technical view on stock.

ACC

 

ACC Q2FY21 Result Update Highlights

 

 

Profit of Rs 363.84 crore, 20% growth YoY

The company reported a net profit of Rs 363.84 crore for the September quarter, a 20% growth YoY. It had posted a profit of Rs 302.56 crore in the corresponding quarter previous year.

Posted a total income of Rs 3582.82 crore during the Q2 FY2021 period as compared to Rs 3579.11 crore during the FY2020 period.

Earnings per Share (EPS) of Rs 19.33 for the period

 It had posted EPS of Rs 14.39 for the previous Q1 June period.

With our efficiency programs in place, supported by a team with a high level of preparedness, I am confident of ACC delivering a strong performance going forward.” said Sridhar Balakrishnan, Managing Director & CEO.

 

Impact on ACC

Posted a good number, likely to give a positive start

 

 


Technical View on ACC

Stock is looking good for a target of 1700 in the short to medium term, any panic till 1400 would be the best buying opportunity.

 

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