Share price of ACC jumps as Sensex drops 113.86 points

The share price of ACC Ltd. gained 0.3 per cent to Rs 1764.65 at 10:41AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1779.95 and low of Rs 1762.0 so far during the session. The stock had closed at Rs 1759.45 in the previous session.

The counter has had a total traded volume of 3144 shares so far with a value of Rs 0.56 crore on the NSE. It traded at a price-to-earnings multiple of 51.09 and a price-to-book ratio of 2.91.

A higher P/E 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 declined 14.25 per cent during the past one year, while the 30-share index advanced 0.28 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 31-Mar-2023, while overseas investors and domestic institutional investors ownership stood at 10.06 per cent and 8.9 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 4577.64 crore for the quarter ended 31-Dec-2022, up 12.83 per cent from the previous quarter's Rs 4057.08 crore and up 6.96 per cent from the year-ago quarter's Rs 4279.64 crore.

Profit for the latest quarter stood at Rs 113.16 crore, down 59.7 per cent from the same quarter a year ago.