Share price of ACC falls as Sensex gains 40.9 points
ACC Ltd. dropped 3.41 per cent to Rs 2501.1 at 01:55PM (IST) in Thursday's trade. The scrip has hit a high of Rs 2586.95 and low of Rs 2490.6 so far during the session. The stock had closed at Rs 2589.6 in the previous session.
The counter has had a total traded volume of 24249 shares so far with a value of Rs 6.12 crore on the NSE. It traded at a price-to-earnings multiple of 21.08 and a price-to-book ratio of 2.87.
A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 28.25 per cent during the past one year, while the 30-share index advanced 22.6 per cent during the same period.
ACC Ltd. belongs to the Cement — Pan India industry.
Promotor/FII Holding Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FIIs and domestic institutional investors ownership stood at 5.65 per cent and 15.72 per cent, respectively.
Key Financials The company reported consolidated net 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.
Profit for the latest quarter stood at Rs 361.36 crore, down 22.47 per cent from the same quarter a year ago.
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