ACC shares down 1.33% as Nifty drops
A total of 7,482 shares changed hands on the counter till 01:58PM (IST).
NEW DELHI: Shares of traded 1.33 per cent down in Friday's trade at 01:58PM (IST). Around 7,482 shares changed hands on the counter.The scrip opened at Rs 2615.95 and touched an intraday high and low of Rs 2616.35 and Rs 2565.65, respectively, in the session so far. Shares of the company of quoted a 52-week high of Rs 2759.95 and a 52-week low of Rs 1670.85.
Total market cap of the . stood at Rs 48397.47 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 5000.51 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from previous quarter's Rs 4644.78 crore and up 9.24 per cent from the year-ago quarter's Rs 4577.64 crore.
The net profit for latest quarter stood at Rs 537.63 crore, up 375.11 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 13.43 per cent stake in the firm, while foreign institutional investors held 6.24 per cent and the promoters 56.69 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 29.74 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.
. belongs to the Cement - Pan India industry.
Source: Stocks-Markets-Economic Times
