ACC (CMP:1655) gives a good run after its result in the 1-st week of this month from 1481 to 1672 yesterday. There is also buzz of rationalization of excise duty structure for cement industry and some sort of import duty application on imported cement in the forthcoming budget. May be, today's rail budget also help cement industry in the form of cross subsidy reduction plan between passenger & freight fares. Also there are affordable housing, infrastructure theme etc.
Technically, ACC now has to sustain over 1685-1700 zone for 1800 in the medium term and 2200 in the long term (FY-16).
On the downside, inability to sustain above 1685-1700, it may attract some selling and below 1660-1640 zone, it may fall to 1590 & 1545 level in the short term.
As par Benjamin Graham model of deriving ready made quick fundamental valuation, median value of ACC is also near 1800 (??, I am not sure, if it works perfectly in every industry, but it may give you some indication).
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | LONG TERM | SHORT TERM | MEDIAN VALUE | 200-DEMA | 10-DEMA | OPEN | HIGH | LOW | CLOSE |
| ACC | 61.82 | 415.72 | 35.01 | 1763.87 | 1866.47 | 1815.17 | 1437.52 | 1609.61 | 1626.2 | 1672 | 1614.1 | 1655.75 |
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