Cement maker ACC Ltd rises as much as 3.5 pct to a record high.

ACC posted an about 33 pct growth in June-qtr profit, beating analysts estimates on higher cement sales volume.

Company's cement sales volume rose 10.1 pct in the qtr to 6.74 mln tonnes.

Investec analsyts say company's cost structure more elastic than ever before; favourably placed to address regional capacity challenges, realize synergy gains, tap into premium market void created by Lafarge exit.

Stock had gained 31.3 pct this year as of Monday's close.