Share price of ACC falls as Sensex drops 181.04 points

Share price of ACC Ltd. dropped 0.37 per cent to Rs 1839.2 at 12:20PM (IST) in Thursday's trade. The scrip hit a high of Rs 1846.9 and low of Rs 1834.0 so far during the session. The stock had closed at Rs 1845.95 in the previous session.

The counter had a total traded volume of 12:20PM shares so far with a turnover of Rs 1.16 crore on BSE. The stock traded at a price-to-earnings multiple of 70.69 and a price-to-book ratio of 2.22.

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 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.

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

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

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