The stock opened at Rs 2280.0 and touched an intraday high and low of Rs 2283.8 and Rs 2242.2, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2506.35 and a 52-week low of Rs 1432.6.
As per BSE, the total market cap of the ACC Ltd. stood at Rs 42160.12 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3930.49 crore for the quarter ended 30-Jun-2021, down 9.35 per cent from previous quarter’s Rs 4335.94 crore and down 48.12 per cent from the year-ago quarter’s Rs 2653.52 crore.
The net profit for latest quarter stood at Rs 569.42 crore, up 110.18 per cent from the corresponding quarter last year.
Shareholding pattern
As of 30-Sep-2021, DIIs held 8.4 per cent stake in the firm, while foreign institutional investors held 13.59 per cent and the promoters 50.05 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 21.42 and a price-to-book ratio of 2.4. 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.
ACC Ltd. belongs to the Cement – Pan India industry.
