The shares of India\u2019s cement maker ACC Ltd touched week\u2019s low at Rs 1575.80 by falling 5% on India\u2019s leading exchange BSE, after it announced a substantial increase in its consolidated \u00a0earnings for Jan-Mar on Tuesday. The Mumbai-based cement maker ACC reported 38.46% increase in its consolidated profits for the first quarter at Rs 346.02 crore on the back of robust sales. Last year, the company had posted a consolidated profit of Rs 250.39 crore in the same quarter, as per its exchange filing. ACC's total income during the period of Jan-Mar was up 10.99 percent to Rs 4,075.71 crore as compared with Rs 3,671.95 crore in the corresponding period of the last fiscal. Despite, the increase in earnings, the brokerages aren\u2019t very impressed with the results as they had expected better numbers. According to them, the company reported subdued operating performance in Jan-Mar on account of lower-than-expected improvement in realisation and increase in power and freight cost. The brokerage firm Reliance Securities has maintained a buy call on ACC as it thinks the company\u2019s operational performance should improve owing to recent improvement in realisation across regions including Eastern and Northern regions. It has revised its target price with a target Rs 1,720 from the earlier price of Rs 1,840. ACC's total income during the period under review was up 10.99 per cent to Rs 4,075.71 crore as against Rs 3,671.95 crore in the corresponding period of the previous fiscal. Another brokerage firm Prabhudas Lilladher has also maintained a buy call on ACC\u2019s stock with target price of Rs 1,735. \u201cWhile the profitability is under pressure for the sector due to intense competition, unabated capacity addition and weakness in high margin Trade segment, cement prices continue to remain firm in ACC\u2019s key markets of Central UP, MP, Jharkhand, Odisha, etc thereby fetching higher realisations. Hence, we maintain our earnings estimates for CY20e\/CY21e,\u201d said Prabhuds Lilladher in a report. Motilal Oswal Securities has also maintained a buy position on ACC with a target price of Rs 1,913. It said that the company missed the margins on account of higher than expected cost.