Cement maker ACC on Thursday announced a standalone net profit of Rs 384.29 crore for the quarter ended September 30, 2023, versus a loss of Rs 91.09 crore posted by the company in the corresponding quarter of the last financial year. However, on a quarter-on-quarter (QoQ) basis, the Adani Group company reported a 17% decline … Read more
NEW DELHI: Adani bulls who were trying to catch the falling knife by buying dips have been left bleeding hard. In the last seven trading sessions since the release of the Hindenburg report, Adani stocks have cumulatively lost around Rs 9.10 lakh crore or nearly half of their market value. Most Adani stocks have been … Read more
has downgraded ACC stock to ‘add’ for a target price of Rs 2,580 per share, after the company took a knock on its September quarter profitability by a steep 98% year on year (YoY) to almost 20-year low. This is a potential upside of 15% from the current price level. The brokerage mentioned that the … Read more