ACC Ltd (ACC.NS)
22 Aug 2014
|Market Cap (Mil.):||Rs286,424.31|
|Shares Outstanding (Mil.):||187.75|
* India's ACC Ltd's April-June operating profit may lag consensus, Thomson Reuters StarMine's SmartEstimates shows. * ACC may report operating profit of 4.29 billion rupees ($71.43 million) versus consensus mean of 4.41 billion rupees, as per SmartEstimates. * ACC reports results later in the day. * ACC shares down 0.7 percent as of 0445 GMT. ($1 = 60.0600 Indian Rupees) (firstname.lastname@example.org / email@example.com)
Reuters Market Eye - Shares in ACC Ltd and Ambuja Cements India Ltd fall even as their earnings beat forecasts as dealers say other income and tax credit contributed significantly to their net profits.
* Shares in ACC Ltd and Ambuja Cements India Ltd fall even as their earnings beat forecasts as dealers say other income and tax credit contributed significantly to their net profits. * ACC falls 2.8 percent even after reporting on Thursday March-quarter net profit of 3.99 billion rupees ($65.35 million), above consensus forecasts for 3.37 billion rupees. * But dealers worry about the impact from other income, which jumped 154 percent to 1.08 billion rupees from a year earlier. * Ambuja Cemen