Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from ACC Limited ( (IN:ACC) ).
In a recent letter to shareholders, ACC Limited’s Chairman, Gautam S. Adani, addressed the impact of a report by Hindenburg on the Adani Group, emphasizing the resilience and strength of the company despite the challenges. The Securities and Exchange Board of India (SEBI) has dismissed the allegations, reinforcing the company’s commitment to transparency and governance. Over the past two years, ACC Limited has demonstrated significant growth, with a 57% increase in EBITDA and a 48% rise in asset expansion, highlighting its robust performance and strategic expansion.
More about ACC Limited
ACC Limited is a prominent player in the Indian cement industry, known for its production and distribution of cement and ready-mix concrete. The company is part of the Adani Group, which is a significant conglomerate with diverse interests, including energy, resources, logistics, agribusiness, real estate, financial services, and defense.
Average Trading Volume: 19,060
Technical Sentiment Signal: Sell
Current Market Cap: 353.7B INR
For a thorough assessment of ACC stock, go to TipRanks’ Stock Analysis page.