Shares of ACC surged as the Sensex fell by 947.58 points

Shares of ACC Ltd rose 0.47 percent in Friday trade at 01:08PM (IST) to Rs. 2432.0 was reached. During the counter session so far Rs. 2446.25 high and Rs. A low of 2367.05 has been reached. In the previous session, the share was Rs. closed at 2420.45.

Over the counter on NSE Rs. The total traded volume so far is 22691 shares with a value of 5.47 Crores. It trades at a price-to-earnings multiple of 20.39 and a price-to-book ratio of 2.87.

A high price-to-earnings ratio indicates that investors are willing to pay a high price for the earnings per rupee provided by the stock due to good future growth expectations.

Price-to-book value represents the underlying value of a company and the price investors are willing to pay even if there is no growth in the business.

The scrip has gained 18.18 per cent over the past one year, while the 30-share index has gained 23.4 per cent over the same period.

ACC Limited belongs to Cement – Pan India industry.

Promoter/FII holding
As on 30-Jun-2024, promoters held 50.05 per cent stake in the company, while foreign investors and domestic institutional investors owned 5.65 per cent and 15.72 per cent respectively.

Chief Financial Officer
For the quarter ended 30-Jun-2024, the company posted Rs. 5226.61 crore reported consolidated net sales, up from the previous quarter’s Rs. 5528.45 crore was down 5.46 percent from the year-ago quarter’s Rs. 52278 was down by 0.97 percent.

The profit in the latest quarter was Rs. 361.36 crore, which was 22.47 percent lower than the same quarter a year ago.