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HDFC Securities Retail Research
ACC Ltd. is a leading Indian cement company. It manufactures a range of cement types and has 17 plus cement plants and 85 ready-mix concrete plants.
Adani's buyout of ACC /Ambuja Cement Ltd. comes with some positives for these companies on cost-saving opportunities, better procurement, logistics and brownfield expansions — which could drive earnings growth faster than peers.
The growth plans and cost saving strategies by the new management will be the key triggers for stock performance.
ACC, due to ongoing corporate action (acquisition by Adani Group followed by an open offer), has outperformed BSE Sensex in CY22. ACC is well positioned in the market on the back of strong brand quality, wide network, industry leading premium products and expansion plans.
However, inflationary pressure of input costs may keep margins under check over the near term.
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