ACC Stock Price: ACC shares up 1.29% as Nifty gains

Shares of Ltd. rose 1.29 per cent to Rs 1942.0 in Thursday’s trade. It hit an intraday high of Rs 1945.0 and low of Rs 1930.45, respectively, during the day.

The stock quoted a 52-week high price of Rs 1954.0 and low of Rs 942.15.

As of 11:07AM (IST), the counter saw total traded volume of 44,658 shares with a traded value of Rs 8.65 crore, according to NSE.

The stock had closed at Rs 1917.3 in the previous session.

The scrip has advanced 6.41 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.68 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 25.49 while price-to-book ratio stood at 2.4. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Cement – Pan India industry.

Promoter/FII Holding
Promoters held 50.05 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 11.55 per cent and 9.57 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 4208.75 crore for the quarter ended 31-Dec-2020, up 17.47 per cent from the previous quarter’s Rs 3582.82 crore and up 2.21 per cent from the year-ago quarter’s Rs 4117.85 crore. Its net profit for the latest quarter stood at Rs 472.42 crore, up 72.89 per cent from the same quarter a year ago.

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