Share price of ACC jumps as Sensex drops 216.61 points

Share price of ACC jumps as Sensex drops 216.61 points
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Synopsis

Promoters held 50.05 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 13.59 per cent and 8.4 per cent, respectively.

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The share price of Ltd. gained 3.17 per cent to Rs 2508.15 at 10:05AM (IST) in Monday's trade. The counter has hit a high of Rs 2517.15 and low of Rs 2441.65 so far during the session. The stock had closed at Rs 2431.1 in the previous session.

The counter has had a total traded volume of 10364 shares so far with a value of Rs 2.57 crore on the NSE. It traded at a price-to-earnings multiple of 22.8 and a price-to-book ratio of 2.4.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 51.76 per cent during the past one year, while the 30-share index advanced 47.46 per cent during the same period.

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

Promotor/FII Holding
Promoters held 50.05 per cent stake in the company as of 30-Sep-2021, while foreign investors and domestic institutional investors ownership stood at 13.59 per cent and 8.4 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 3812.31 crore for the quarter ended 30-Sep-2021, down 3.01 per cent from the previous quarter's Rs 3930.49 crore and down 6.41 per cent from the year-ago quarter's Rs 3582.82 crore.

Profit for the latest quarter stood at Rs 450.19 crore, up 23.73 per cent from the same quarter a year ago.

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