ACC shares up 0.65% as Nifty gains
ACC Ltd. rose 0.65 per cent to Rs 2011.2 in Friday's trade. It hit an intraday high of Rs 2023.8 and low of Rs 1998.2, respectively, during the day.
The stock quoted a 52-week high price of Rs 2674.45 and low of Rs 1593.5.
As of 12:07PM (IST), the counter saw total traded volume of 6,354 shares with a traded value of Rs 1.27 crore, according to NSE.
The stock had closed at Rs 1998.15 in the previous session.
The scrip has advanced 1.48 per cent in the past one month till date, while the benchmark BSE Sensex has gained 1.64 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 51.94 while price-to-book ratio stood at 2.22. 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-2023, while FII and MF ownership in the firm stood at 9.98 per cent and 9.21 per cent, respectively.
