ACC shares up 3.48% as Nifty gains
A total of 11,298 shares changed hands on the counter till 11:16AM (IST).
NEW DELHI: Shares of traded 3.48 per cent up in Thursday's trade at 11:16AM (IST). Around 11,298 shares changed hands on the counter.The scrip opened at Rs 2444.95 and touched an intraday high and low of Rs 2505.0 and Rs 2434.6, 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 1755.8.
As per , the total market cap of the . stood at Rs 46158.11 crore at the time of writing this report.
Key Financials
The company reported consolidated 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 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 19.76 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
