Share price of ACC jumps as Sensex gains 131.69 points
ACC Ltd. gained 0.56 per cent to Rs 1943.4 at 10:46AM (IST) in Monday's trade.
The scrip hit a high of Rs 1955.75 and low of Rs 1932.05 so far during the session. The stock had closed at Rs 1932.45 in the previous session.
The counter had a total traded volume of 10:46AM shares so far with a turnover of Rs 9114.0 crore on BSE. The stock traded at a price-to-earnings multiple of 50.12 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 overseas investors and domestic institutional investors ownership stood at 9.98 per cent and 19.25 per cent, respectively.Key Financials The company 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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