ACC shares down 0.93% as Nifty gains

ACC shares down 0.93% as Nifty gains
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Synopsis

A total of 96,147 shares changed hands on the counter till 02:47PM (IST).

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
NEW DELHI: Shares of Ltd. traded 0.93 per cent down in Thursday's trade at 02:47PM (IST). Around 96,147 shares changed hands on the counter.

The counter opened at Rs 2334.0 and touched an intraday high and low of Rs 2336.2 and Rs 2272.8, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2342.95 and a 52-week low of Rs 1289.7.

As per BSE, the total market cap of the ACC Ltd. stood at Rs 42891.55 crore at the time of writing this report.

Did you Know?

Stock score of ACC Ltd moved up by 1 in 6 months on a 10-point scale.

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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-Jun-2021, DIIs held 8.46 per cent stake in the firm, while foreign institutional investors held 13.57 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 21.79 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.

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