ACC shares down 1.51% as Nifty drops

NEW DELHI: Shares of ACC Ltd. traded 1.51 per cent down in Tuesday’s trade at 12:33PM (IST). Around 3,446 shares changed hands on the counter.

The counter opened at Rs 2308.55 and touched an intraday high and low of Rs 2329.0 and Rs 2265.15, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.

Total market cap of the ACC Ltd. stood at Rs 42686.86 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 5226.61 crore for the quarter ended 30-Jun-2024, down 5.46 per cent from previous quarter’s Rs 5528.45 crore and down 0.97 per cent from the year-ago quarter’s Rs 5278.02 crore.

The net profit for latest quarter stood at Rs 361.36 crore, down 22.47 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2024, domestic institutional investors held 15.35 per cent stake in the company, while foreign institutional investors held 5.5 per cent and the promoters 56.69 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 19.13 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.

ACC Ltd. belongs to the Cement – Pan India industry.

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ACC shares down 1.51% as Nifty drops

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