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Wednesday, October 23, 2013

ACC Results Hold ACC


ACC Announced it's Results with Net profit falls from 248.67 Cr to 120.84 i.e. profit falls to almost half YoY. Although Sales increases from 2431.00 Cr to 2508.65 Cr YoY. Total income from operations increases from 2473.92 Cr to 2569.68 Cr YoY. Other income declined to Rs 39.3 crore from Rs 53.6 crore YoY. For balance Sheet please visit :- http://www.moneycontrol.com/livefeed_pdf/Oct2013/ACC_Ltd_231013.pdf Although Profit falls due to slower economic growth but expected to shoot up so don't panic with this stock it has good support around 1050/- so buy around 1100/- level for good returns.

ACC Results Hold ACC


ACC Announced it's Results with Net profit falls from 248.67 Cr to 120.84 i.e. profit falls to almost half YoY. Although Sales increases from 2431.00 Cr to 2508.65 Cr YoY. Total income from operations increases from 2473.92 Cr to 2569.68 Cr YoY. Other income declined to Rs 39.3 crore from Rs 53.6 crore YoY. For balance Sheet please visit :- http://www.moneycontrol.com/livefeed_pdf/Oct2013/ACC_Ltd_231013.pdf Although Profit falls due to slower economic growth but expected to shoot up so don't panic with this stock it has good support around 1050/- so buy around 1100/- level for good returns.