Shares of ACC Ltd. traded 0.42 per cent down in Thursday’s trade at 10:20AM (IST). Around 2,654 shares changed hands on the counter. The stock opened at Rs 1871.05 and touched an intraday high and low of Rs 1892.95 and Rs 1871.0, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2674.45 and a 52-week low of Rs 1593.5.
As per BSE, the total market cap of the ACC Ltd. stood at Rs 35389.45 crore at the time of writing this report.
The company reported consolidated net sales of Rs 5278.02 crore for the quarter ended 30-Jun-2023, up 7.49 per cent from previous quarter’s Rs 4910.06 crore and up 16.71 per cent from the year-ago quarter’s Rs 4522.28 crore. The net profit for the latest quarter stood at Rs 466.1 crore, up 105.04 per cent from the same quarter a year ago.
As of 30-Sep-2023, DIIs held 12.52 per cent stake in the firm, while foreign institutional investors held 7.1 per cent and the promoters 50.05 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 48.64 and a price-to-book ratio of 2.22. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
