ACC shares up 0.34% as Nifty falls
ACC Ltd. rose 0.34 per cent to Rs 2349.15 in Wednesday's trade. It hit an intraday high of Rs 2349.45 and low of Rs 2302.35, respectively, during the day.
The stock quoted a 52-week high price of Rs 2843.0 and low of Rs 1803.8.
As of 11:36AM (IST), the counter saw total traded volume of 2,216 shares with a traded value of Rs 0.52 crore, according to NSE.
The stock had closed at Rs 2341.05 in the previous session.
The scrip has declined -3.57 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.73 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 19.73 while price-to-book ratio stood at 2.87. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the Cement — Pan India industry.
Promoter/FII Holding Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 5.65 per cent and 15.72 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 5226.61 crore for the quarter ended 30-Jun-2024, down 5.46 per cent from the previous quarter's Rs 5528.45 crore and down 0.97 per cent from the year-ago quarter's Rs 5278.02 crore. Its net profit for the latest
