ACC shares down 1.05% as Sensex falls
ACC Ltd. fell 1.05 per cent to Rs 2542.95 in Wednesday's session as of 01:23PM (IST) even as the equity benchmark Sensex traded 479.53 points lower at 74690.92.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2759.95 and a 52-week low of Rs 1755.8 on NSE. Around 2850 shares changed hands on the counter till 01:23PM (IST).
The stock opened at Rs 2584.95 and has touched an intraday high and low of Rs 2584.95 and Rs 2525.3 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 20.78, earnings per share (EPS) of Rs 124.42 and price to book value (PB) of 2.87, while the return on equity (ROE) stood at Rs 14.3.
Promoter/ FII Holding
The promoters held 56.69 per cent stake in the company as of May 29, while FII and MF ownerships stood at 6.17 per cent and 14.5 per cent, respectively.
Key Financials With a market capitalisation of Rs 48542.07 crore, the company operates in the Cement — Pan India industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5528.45 crore, up 10.56 per cent from the previous quarter?s Rs 5000.51 crore and up 12.59 per cent from the same quarter a year ago. The company reported net profit of Rs 944.79 crore for the latest quarter, up 300.96 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 53.42. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition
