ACC Limited has recently experienced significant fluctuations in its share price, capturing the attention of investors and market analysts. As of November 21, 2024, the ACC share price is currently at ₹1,935.15, reflecting a sharp decline of 11.46% from the previous trading session.
ACC Share Price in Today’s Market
The ACC share price opened at ₹1,986.00 and has decreased from the previous close of ₹2,185.70. During the trading session, the stock reached a high of ₹2,039.00 and a low of ₹1,868.20, indicating notable volatility in its performance. The trading volume was substantial, with approximately 1,530,317 shares exchanged, showcasing strong investor interest amid market fluctuations.
ACC Financial Overview
ACC has a market capitalization of approximately ₹36,376 crore, with an earnings per share (EPS) of ₹99.91 and a price-to-earnings (P/E) ratio of 18.93, suggesting that the stock is relatively fairly valued compared to its earnings potential. The company reported a profit growth rate of 144.19%, indicating effective management and operational efficiency despite recent challenges.
Recent News of ACC Share
- Price Decline: The recent drop in share price follows broader market trends and investor concerns regarding the company’s financial health amid fluctuating demand in the construction sector.
- Sales Growth Performance: ACC reported a sales growth decline of -10.17%, reflecting challenges in maintaining revenue levels in a competitive environment.
- Analyst Sentiment and Market Outlook: Analysts are cautiously optimistic about ACC’s future prospects, with many expressing confidence in its fundamentals while acknowledging potential market risks.
ACC Share Pros & Cons
- ➔ Pros: Strong profit growth indicates effective management strategies that may support future recovery.
- ➔ Pros: High promoter holding at 56.69% reflects confidence in the company’s long-term strategy.
- ➔ Cons: Recent sales growth contraction may indicate challenges in demand for cement products.
- ➔ Cons: Significant price volatility raises concerns about investor confidence and market stability.
Indiahood Recommendation on ACC Share: Buy or Sell?
Considering the current market dynamics and financial health of ACC, Indiahood recommends a hold for existing investors while suggesting that new investors consider buying on dips around ₹1,900 for potential long-term gains.
Others Recommendation on ACC Share: Buy or Sell?
Market analysts have provided various insights regarding ACC:
- ICICI Direct: Recommends a buy with a target price of ₹2,200, citing strong fundamentals and growth potential in the cement sector.
- Motilal Oswal: Suggests holding the stock with a target price of ₹2,000, based on recent performance metrics and market conditions.
- HDFC Securities: Advises investors to buy with an optimistic target price of ₹2,300, highlighting expected benefits from ongoing projects and strategic initiatives.
Conclusion
In conclusion, while the ACC share price has shown significant volatility amid recent fluctuations, its strong financial metrics suggest that it could be an attractive investment opportunity for both new and existing investors. However, ongoing challenges in market sentiment must be monitored closely to gauge future recovery potential.
Disclaimer
This article is intended for informational purposes only and should not be considered financial advice. Investors are encouraged to conduct their own research or consult with financial advisors before making investment decisions regarding ACC shares or any other securities.
