Share price of ACC jumps as Sensex gains 544.24 points
Promoters held 50.05 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 6.24 per cent and 13.43 per cent, respectively.
The share price of gained 0.76 per cent to Rs 2594.55 at 12:58PM (IST) in Monday's trade. The counter has hit a high of Rs 2612.5 and low of Rs 2550.45 so far during the session. The stock had closed at Rs 2574.9 in the previous session.The counter has had a total traded volume of 3274 shares so far with a value of Rs 0.85 crore on the . It traded at a price-to-earnings multiple of 29.96 and a price-to-book ratio of 2.22.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 51.5 per cent during the past one year, while the 30-share index advanced 28.43 per cent during the same period.
belongs to the Cement - Pan India industry.
Promotor/FII Holding
Promoters held 50.05 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 6.24 per cent and 13.43 per cent, respectively.
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 the previous quarter's Rs 4644.78 crore and up 9.24 per cent from the year-ago quarter's Rs 4577.64 crore.
Profit for the latest quarter stood at Rs 537.63 crore, up 375.11 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
