ACC shares up 0.67% as Nifty drops
A total of 6,520 shares changed hands on the counter till 10:15AM (IST).
NEW DELHI: Shares of traded 0.67 per cent up in Friday's trade at 10:15AM (IST). Around 6,520 shares changed hands on the counter.The scrip opened at Rs 2624.85 and touched an intraday high and low of Rs 2641.0 and Rs 2605.35, 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 1754.85.
Total market cap of the . stood at Rs 49291.34 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, domestic institutional investors held 14.5 per cent stake in the company, while foreign institutional investors held 6.17 per cent and the promoters 56.69 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 21.1 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
