We have selected ACC, the company has reported steady set of results for Q3 CY19. Despite being a weak quarter, ACC reported just 1.6% decline in volume to 6.44 metric tonne. Realisations were up by 3.5% YoY aided by 9% YoY growth in premium product volumes and price hike initiated in March 2019. ACC reported 3% YoY growth in net sales to Rs 3,528 crore. Management remains optimistic on-demand recovery. Margin performance is expected to be strong. The company has taken capacity expansion by 3 metric tonne per annum and grinding capacity by 5.9 metric tonne by annum. The company has robust cash flows and return ratio. We recommend buy on ACC with target of Rs 1,739, said Pankaj Bobade, Head - Fundamental Research at Axis Securities.