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ACC

Attached alongside is the daily chart of ACC with a 13 DMA (prices holding since Oct 09), Fibonacci lines and value area marked on it. All these context definers are combined to produce good supports around 890 levels. The stock after witnessing profit booking pressure from the recent high of 929, has now approached this [...]

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Last week, the markets displayed strength despite negative news on the domestic and global fronts. The Sensex moved in a tight range of 649 points. From a low of 9,096, the index faced resistance around 9,746. The Sensex finally ended the week at the higher end of the trading band at 9,690, a smart gain [...]

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Indiabulls Securities keeps HOLD on ACC

by free stock tips Broker tips

ACC Limited’s EBITDA margin nosedived 409 bps in Q1’08 due to a surge in raw material and fuel costs. However, net sales increased 9% y-o-y on the back of a higher sales volume.Since the company’s major expansion plans are scheduled to be completed in 2009, we believe that it will face a capacity constraint in [...]

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