Share price of ACC jumps as Sensex gains 7.32 points
A total of 6,032 shares changed hands on the counter till 11:51AM (IST)
Share price of gained 0.52 per cent to Rs 2449.85 at 11:51AM (IST) in Wednesday's trade. The scrip hit a high of Rs 2454.0 and low of Rs 2422.6 so far during the session. The stock had closed at Rs 2437.15 in the previous session.The counter had a total traded volume of 11:51AM shares so far with a turnover of Rs 1.47 crore on . The stock traded at a price-to-earnings multiple of 29.77 and a price-to-book ratio of 2.87.
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 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.
Promotor/FII Holding
Promoters held 56.69 per cent stake in the company as of 31-Mar-2024, while foreign investors and domestic institutional investors ownership stood at 6.17 per cent and 24.55 per cent, respectively.
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 the previous quarter's Rs 5000.51 crore and up 12.59 per cent from the year-ago quarter's Rs 4910.06 crore.
Its profit for the latest quarter stood at Rs 944.79 crore, up 300.96 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
