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Deutsche also cut its price target on the stock to 1,315 rupees from 1,610 rupees.
ACC Ltd on Thursday reported a 49 percent fall in net profit for the October-December quarter.
Deutsche Bank downgrades ACC to hold
Feb 08 2013 , Mumbai
Deutsche Bank downgraded India's ACC Ltd to "hold" from "buy", saying October-December earnings had
come below its forecast and noting lower demand and prices for cement are casting doubts about the health of the industry.
Deutsche also cut its price target on the stock to 1,315 rupees from 1,610 rupees.
ACC Ltd on Thursday reported a 49 percent fall in net profit for the October-December quarter.
Deutsche also cut its price target on the stock to 1,315 rupees from 1,610 rupees.
ACC Ltd on Thursday reported a 49 percent fall in net profit for the October-December quarter.
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