Why Prabhudas Lilladher Prefers Ambuja Cements Over ACC
A worker loads material into a cement mixer at the under-construction residential development (Photographer Akos Stiller/Bloomberg)

Why Prabhudas Lilladher Prefers Ambuja Cements Over ACC

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Board of Directors of ACC Ltd. and Ambuja Cements Ltd. approved the renewal of technology and know-how fees with Holcim Technology Ltd for next couple of years effective January 01, 2021, at the existing rate of 1% of net sales.

Both the stocks have been under pressure for last one month due to overhang on the status of fees.

Status quo on fees would help to retain investor sentiment as any increase in fees would have further escalated the below-average performance on margins and volume growth.

We like Ambuja Cements versus ACC due to better outlook on earnings growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Cement Sector Update.pdf


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