Share price of ACC jumps as Sensex drops 247.05 points
ACC Ltd. gained 0.51 per cent to Rs 1948.4 at 01:09PM (IST) in Friday's trade.
The counter hit a high of Rs 1972.0 and low of Rs 1915.0 so far during the session. The stock had closed at Rs 1938.65 in the previous session.
The counter had a total traded volume of 01:09PM shares so far with a turnover of Rs 926.0 crore on BSE. The stock traded at a price-to-earnings multiple of 74.49 and a price-to-book ratio of 2.22.
A higher P/E 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 is the measure of the price that investors are ready to pay even for no growth in the business.ACC Ltd.
belongs to the Cement — Pan India industry.Promotor/FII Holding Promoters held 56.69 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 9.98 per cent and 19.25 per cent, respectively.Key Financials The firm reported consolidated sales of Rs 5278.02 crore for the quarter ended 30-Jun-2023, up 7.49 per cent from the previous quarter's Rs 4910.06 crore and up 16.71 per cent from the year-ago quarter's Rs 4522.28 crore. Its profit for the latest quarter stood at Rs 466.1 crore, up 105.04 per cent from the same quarter a year ago.
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