ACC shares down 0.37% as Nifty gains
A total of 3,080 shares changed hands on the counter till 11:41AM (IST).
NEW DELHI: Shares of traded 0.37 per cent down in Wednesday's trade at 11:41AM (IST). Around 3,080 shares changed hands on the counter.The stock opened at Rs 2544.95 and touched an intraday high and low of Rs 2544.95 and Rs 2495.55, respectively, in the session so far. The stock of quoted a 52-week high of Rs 2759.95 and a 52-week low of Rs 1730.3.
As per , the total market cap of the . stood at Rs 47790.92 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 5528.45 crore for the quarter ended 31-Mar-2024, up 10.56 per cent from previous quarter's Rs 5000.51 crore and up 12.59 per cent from the year-ago quarter's Rs 4910.06 crore.
The net profit for latest quarter stood at Rs 944.79 crore, up 300.96 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 14.5 per cent stake in the firm, while foreign institutional investors held 6.18 per cent and the promoters 50.05 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 20.46 and a price-to-book ratio of 2.87. 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.
. belongs to the Cement - Pan India industry.
Source: Stocks-Markets-Economic Times
