Share price of ACC rises as Nifty weakens

Shares of ACC Ltd. gained 1.65 per cent to Rs 1840.85 in Tuesday's trade as of 10:05AM (IST).

The stock hit a high price of Rs 1854.9 and low of Rs 1814.75 during the session.

The return on equity (ROE) for the stock stood at 6.26 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 4.57 crore around that time.

The stock of ACC Ltd. quoted a 52-week high and 52-week low prices of Rs 2784.95 and Rs 1593.5, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.31.

Promotor/FII Holding
Promoters held 56.69 per cent stake in the company as of 31-Mar-2023, while foreign investors held 10.05 per cent and domestic institutional investors had 19.42 per cent.

Key Financials
The company reported consolidated sales of Rs 4910.06 crore for the quarter ended 31-Mar-2023, up 7.26 per cent from previous quarter's Rs 4577.64 crore and up 9.48 per cent from the year-ago quarter's Rs 4485.01 crore.

Net profit after tax for the latest quarter stood at Rs 235.63 crore, down 40.54 per cent from the same quarter a year ago.