Stock rises after March quarter results, What should investors do in the stock? Buy or Sell ?
Cement sector company ACC Limited's January-March 2022 quarter results were released. The company's profit on a year-on-year basis has declined by 31 percent on a year-on-year basis. Whereas, there has been an increase of 41 percent in comparison to the December quarter. After the results, brokerage houses have a mixed opinion on the stocks of ACC. Brokerage companies believe that the company's near term outlook is uncertain. However, profitability has been supported by lower costs.
Written By: Zee Business Video Team