ACC Cement stock trades higher on Credit Suisse upgrade

Brokerage Credit Suisse has upgraded ACC Ltd to ’neutral’ from ‘underperform’, saying cement prices have declined less than expected, while cost pressures are subsiding and capacity pressures are easing.

[caption id=“attachment_469030” align=“alignleft” width=“380”] ACC shares were up 3.4 percent at 10.34 a.m.[/caption]

Credit Suisse also upgraded its target price on the stock to Rs 1,462 from Rs 1,022.

ACC shares were up 3.4 percent at 10.34 a.m.

Reuters